Brazil's Embraer arranging $300 million in loans with five banks
Reuters
Published Jul 23, 2020 07:51AM ET
SAO PAULO (Reuters) - Brazilian planemaker Embraer SA (SA:EMBR3) said on Thursday it has signed contracts with five banks for loans totalling $300 million to strengthen its working capital.
The loans have two to four-year terms and are expected to be concluded by the end of July, Embraer said in a securities filing.
Embraer said it is still evaluating additional funding to keep a long-term debt profile consistent with its business cycle.
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Written By: Reuters
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