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Embraer Wins Major Financing Commitments
Brazilian export bank BNDES and other financial institutions have committed to provide up to $600 million in debt financing.

Embraer has finalized the terms of contracts providing for up to $600 million in working capital and export financing, the company revealed late Monday in a notice to securities markets. The Brazilian National Bank of Economic and Social Development (BNDES) has committed to providing half of the financing, up to a value of $300 million, while the balance comes from private and public banks under the condition that the financing plan maintains a 50/50 split between BNDES and the other banks.