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Brazil's Embraer confirms in talks with BNDES, domestic and foreign banks over financing support - Metro US

Brazil’s Embraer confirms in talks with BNDES, domestic and foreign banks over financing support

FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos

SAO PAULO (Reuters) – Brazilian planemaker Embraer SA <EMBR3.SA> is in talks with national development bank BNDES and some domestic and foreign banks over a support package, with the talks focused on raising working capital for exports, it said in a statement on Thursday.

Embraer is seeking credit lines of between $1 billion and $1.5 billion after a deal with Boeing Co <BA.N> fell through, and has hired Itau BBA, the investment banking unit of Itau Unibanco Holding SA <ITUB4.SA>, to help with talks, sources told Reuters.

(Reporting by Paula Arend Laier; writing by Jamie McGeever; editing by Jason Neely)

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