Announcement of Embraer Netherlands Finance B.V.'s Pricing of US$650,000,000 of 5.980% Notes Due 2035
Embraer (NYSE: ERJ) announced that its subsidiary, Embraer Netherlands Finance B.V., has priced a US$650 million offering of 5.980% notes due 2035. The notes were priced at 99.688% of principal amount and will be listed on the NYSE.
The company plans to use the proceeds to purchase outstanding notes from two concurrent tender offers announced on February 5, 2025: any and all of the 5.400% notes due 2027 and up to US$150 million of the 6.950% notes due 2028. Any remaining proceeds will be used for general corporate purposes.
The offering is being coordinated by multiple financial institutions, including Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, and PNC Capital Markets as global coordinators and joint bookrunners.
Embraer (NYSE: ERJ) ha annunciato che la sua controllata, Embraer Netherlands Finance B.V., ha fissato un'offerta di note con scadenza nel 2035 al tasso del 5.980% per un importo di 650 milioni di dollari USA. Le note sono state prezzate al 99.688% dell'importo nominale e saranno quotate al NYSE.
L'azienda prevede di utilizzare i proventi per acquistare note in circolazione da due offerte pubbliche contemporanee annunciate il 5 febbraio 2025: tutte le note al 5.400% con scadenza nel 2027 e fino a 150 milioni di dollari USA di note al 6.950% con scadenza nel 2028. Qualsiasi provento residuo sarà utilizzato per scopi aziendali generali.
L'offerta è coordinata da più istituzioni finanziarie, tra cui Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley e PNC Capital Markets come coordinatori globali e bookrunners congiunti.
Embraer (NYSE: ERJ) anunció que su subsidiaria, Embraer Netherlands Finance B.V., ha fijado un precio para una oferta de notas del 5.980% con vencimiento en 2035 por un total de 650 millones de dólares estadounidenses. Las notas se valoraron al 99.688% del monto principal y se cotizarán en la NYSE.
La compañía planea utilizar los ingresos para comprar notas en circulación de dos ofertas de compra concurrentes anunciadas el 5 de febrero de 2025: todas las notas del 5.400% con vencimiento en 2027 y hasta 150 millones de dólares estadounidenses de notas del 6.950% con vencimiento en 2028. Cualquier ingreso restante se utilizará para fines corporativos generales.
La oferta está siendo coordinada por múltiples instituciones financieras, incluyendo Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley y PNC Capital Markets como coordinadores globales y bookrunners conjuntos.
엠브라에르 (NYSE: ERJ)는 자회사인 엠브라에르 네덜란드 파이낸스 B.V.가 2035년 만기인 5.980%의 노트 6억 5천만 달러 미국 달러에 대한 가격을 책정했다고 발표했습니다. 이 노트는 원금의 99.688%에 가격이 책정되었으며 NYSE에 상장될 예정입니다.
회사는 자금을 사용하여 2025년 2월 5일 발표된 두 개의 동시 입찰에서 장외 노트를 구매할 계획입니다: 2027년 만기인 5.400%의 모든 노트와 2028년 만기인 6.950%의 최대 1억 5천만 달러의 노트입니다. 남은 수익은 일반 기업 용도로 사용될 것입니다.
이번 제공은 Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley 및 PNC Capital Markets 등 여러 금융 기관이 글로벌 조정자이자 공동 북런너로서 진행하고 있습니다.
Embraer (NYSE: ERJ) a annoncé que sa filiale, Embraer Netherlands Finance B.V., a fixé le prix d'une offre d'obligations de 5,980% arrivant à échéance en 2035 pour un montant de 650 millions de dollars américains. Les obligations ont été fixées à 99,688% du montant nominal et seront cotées à la NYSE.
La société prévoit d'utiliser les produits pour acheter des obligations en circulation de deux offres de rachat simultanées annoncées le 5 février 2025 : toutes les obligations de 5,400% arrivant à échéance en 2027 et jusqu'à 150 millions de dollars américains d'obligations de 6,950% arrivant à échéance en 2028. Tout produit restant sera utilisé à des fins générales d'entreprise.
L'offre est coordonnée par plusieurs institutions financières, y compris Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley et PNC Capital Markets comme coordinateurs globaux et co-bookrunners.
Embraer (NYSE: ERJ) hat bekannt gegeben, dass ihre Tochtergesellschaft, Embraer Netherlands Finance B.V., eine Emission von 5,980% Anleihen mit Fälligkeit 2035 im Umfang von 650 Millionen US-Dollar festgesetzt hat. Die Anleihen wurden auf 99,688% des Nennbetrags festgesetzt und werden an der NYSE notiert.
Das Unternehmen plant, die Einnahmen zu verwenden, um ausstehende Anleihen aus zwei gleichzeitig angekündigten Tender-Angeboten vom 5. Februar 2025 zu erwerben: alle 5,400% Anleihen mit Fälligkeit 2027 und bis zu 150 Millionen US-Dollar an 6,950% Anleihen mit Fälligkeit 2028. Alle verbleibenden Einnahmen werden für allgemeine Unternehmenszwecke verwendet.
Die Emission wird von mehreren Finanzinstitutionen koordiniert, darunter Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley und PNC Capital Markets als globale Koordinatoren und gemeinsame Bookrunner.
- Successful pricing of US$650 million notes offering indicates strong market access
- Strategic debt refinancing through tender offers may improve debt structure
- Multiple tier-1 financial institutions involved as coordinators suggests strong institutional backing
- New notes carry a relatively high interest rate of 5.980%
- Issuance of new debt could increase overall interest expense burden
Insights
This $650 million bond offering represents a strategic refinancing move by Embraer, effectively extending its debt maturity profile while taking advantage of current market conditions. The
The concurrent tender offers for the
The syndicate structure, featuring five global coordinators including top-tier institutions like Citigroup, Goldman Sachs and JP Morgan, suggests robust distribution capabilities and reflects strong institutional interest. The broad banking group, including both global and regional players, indicates comprehensive market coverage and potential strong demand across different investor bases.
This refinancing initiative strengthens Embraer's capital structure by pushing out maturities and potentially lowering borrowing costs, which is particularly important given the capital-intensive nature of the aerospace industry and ongoing investment requirements for R&D and production capabilities.
SÃO PAULO, Feb. 7, 2025 /PRNewswire/ -- Embraer S.A. ("Embraer") (NYSE: ERJ/B3: EMBR3) announced today that its indirect subsidiary, Embraer Netherlands Finance B.V. ("Embraer Finance"), has priced an offering of
Embraer expects to use the net proceeds from the offering to purchase notes that are tendered in connection with concurrent tender offers announced on February 5, 2025, to purchase for cash any and all outstanding
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and PNC Capital Markets LLC are acting as global coordinators and joint bookrunners for the Notes, and BofA Securities, Inc., Banco Bradesco BBI S.A., Credit Agricole Securities (
Embraer has filed a registration statement (including a prospectus) with the
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: February 6, 2025
Embraer S.A. | |
By: | |
/s/ Antonio Carlos Garcia | |
Name: | Antonio Carlos Garcia |
Title: | Executive Vice President of |
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SOURCE Embraer S.A.
FAQ
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