By Christine Van Dusen
Atlanta, Jan. 26 – Embraer SA, via Embraer Netherlands Finance BV, priced $750 million 10-year notes (/BBB/BBB-) at par to yield 5.4%, or Treasuries plus 287.7 basis points, on Wednesday, according to a company filing.
BB Securities, JPMorgan and Santander were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general corporate purposes.
Embraer is an aircraft manufacturer based in Sao Jose dos Campos, Brazil.
| Issuer: | Embraer Netherlands Finance BV
|
| Amount: | $750 million
|
| Maturity: | Feb. 1, 2027
|
| Description: | Senior notes
|
| Bookrunners: | BB Securities, JPMorgan, Santander
|
| Coupon: | 5.4%
|
| Price: | Par
|
| Yield: | 5.4%
|
| Spread: | Treasuries plus 287.7 bps
|
| Call options: | Make-whole call at Treasuries plus 45 bps
|
| Trade date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Ratings: | S&P: BBB
|
| Fitch: BBB-
|
| Distribution: | SEC registered
|
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