[ad_1]
Embraer Praetor 600 executive jet, offering intercontinental range with excellent payload capacity.
(Bloomberg) – The economic team wants Embraer (EMBR3) to continue as a private company, according to people with direct knowledge of the matter, and is arranging a syndicated loan to help the aircraft maker after the Boeing deal was abandoned.
The BNDES is organizing a US $ 1 billion syndicated loan and trying to attract private banks to the business, said one of the people, who asked not to be identified because the discussions are not public. The terms of the loan are not yet defined and may include guarantees to preserve jobs, according to the person, in addition to convertible obligations.
The government, which still has a gold stake in Embraer since its privatization in 1994, does not see the company needing a bailout, someone else said.
BNDES, which has a 5% stake in Embraer, declined to comment, as did the economy ministry.
Embraer previously said in an email response that it would not comment on specific financial discussions, but “any access to additional and complementary funding sources will involve international and national banks as has always been Embraer’s practice.”
The newspaper Valor Econômico said on Monday that the BNDES planned to buy at least $ 1 billion in shares to be issued by Embraer, an operation that would dilute other shareholders and return the government to control of the company. The newspaper later said the government did not want to regain control of the company and was in talks with private banks to find a solution.
Do you want to live in the financial market or have an extra income? Try the Wilson Neto course for free, one of the best resellers in Brazil
[ad_2]
