Aviation
Commercial /
Brazil
Credit line
Embraer will have financing of US$ 200 million from Citibank
Embraer E195-E2
CC BY SA 4.0, via wikimedia commons
Rafael Ramos
3/9/2023
This Thursday (9), Embraer announces that it closed an agreement for a credit line in the amount of US$ 200 million (R$ 1.03 billion). The objective is to finance purchases made with suppliers in the USA.
The operation will be carried out by Citibank, with a guarantee from the Export-Import Bank of the United States (EXIM), the country's official export credit agency.
The document also guarantees that the credit line with EXIM and Citibank will support Embraer in diversifying its credit operations in the international aviation market, providing the company with additional financing options and improving its loan profile.
“This credit operation will help us to further improve the debt profile, in addition to strengthening the long-term relationship with American suppliers. Diversifying credit operations and seeking new opportunities in our main markets are fundamental steps to increase the efficiency of our financial operations”, says Antonio Carlos Garcia, CFO of Embraer.
Embraer E190
Imagem: Embraer
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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