Announcement by Embraer S.A. of Increase of the Maximum Tender Amount of Offers to Purchase for Cash Certain Outstanding Securities
Embraer S.A. (NYSE: ERJ) has announced an increase in the Maximum Tender Amount for its cash tender offers of outstanding notes. The company has raised the aggregate purchase price limit from US$750 million to US$1 billion, following its successful pricing of US$1 billion in new 5.400% senior notes due 2038.
The tender offers target two series of notes: 6.950% senior notes due 2028 and 7.000% senior notes due 2030. Holders who tender their notes by the Early Tender Date of October 3, 2025, will be eligible for the Total Consideration, while those tendering after this date but before the October 21, 2025 expiration will receive only the Tender Consideration.
Embraer S.A. (NYSE: ERJ) ha annunciato un aumento dell'Importo Massimo dell'Offerta per le sue offerte di pagamento in contanti su note in circolazione. L'azienda ha aumentato il limite complessivo di acquisto da US$750 milioni a US$1 miliardo, dopo l'emissione di successo di US$1 miliardo di nuove obbligazioni senior al 5,400% con scadenza 2038.
Le offerte di pagamento mirano a due serie di note: note senior al 6,950% in scadenza 2028 e note senior al 7,000% in scadenza 2030. I detentori che canjeranno le loro note entro la Early Tender Date del 3 ottobre 2025 avranno diritto al Total Consideration, mentre chi le presenterà dopo questa data ma prima della scadenza del 21 ottobre 2025 riceverà solamente la Tender Consideration.
Embraer S.A. (NYSE: ERJ) ha anunciado un aumento del Monto Máximo de la Oferta para sus ofertas de canje en efectivo de bonos en circulación. La empresa ha elevado el límite agregado de compra de US$750 millones a US$1 mil millones, tras la exitosa fijación de precios de US$1 mil millones en nuevos bonos senior al 5,400% con vencimiento en 2038.
Las ofertas de canje apuntan a dos series de bonos: bonos senior al 6,950% con vencimiento en 2028 y bonos senior al 7,000% con vencimiento en 2030. Los tenedores que canjearán sus bonos antes de la Early Tender Date del 3 de octubre de 2025 serán elegibles para la Total Consideration, mientras que los que los canjearán después de esa fecha pero antes de la expiración del 21 de octubre de 2025 recibirán únicamente la Tender Consideration.
엔브레이어 S.A. (NYSE: ERJ)가 보유 중인 현금 입찰 제안에 대한 최대 입찰 금액(Maximum Tender Amount)을 상향 조정했다고 발표했습니다. 회사는 미화 7억5천만 달러에서 10억 달러로 총 매입 한도를 올렸으며, 이는 2038년 만기 5.400%의 신규 선순위 채권 US$10억의 성공적인 가격 책정에 따른 것입니다.
입찰 제안은 두 개의 시리즈에 초점을 맵니다: 2030년 만기 7.000%의 선순위 채권과 2028년 만기 6.950%의 선순위 채권. 조기 입찰 날짜인 2025년 10월 3일까지 채권을 입찰하는 보유자는 Total Consideration을 받을 자격이 있으며, 그 이후 2025년 10월 21일 만료 전까지 입찰하는 경우에는 Tender Consideration만 받게 됩니다.
Embraer S.A. (NYSE : ERJ) a annoncé une augmentation du Montant Tender Maximum pour ses offres de rachat en espèces d'obligations en circulation. La société a relevé la limite d'achat agrégée de US$750 millions à US$1 milliard, suite à la tarification réussie de US$1 milliard en nouvelles obligations senior à 5,400% dues 2038.
Les offres de rachat visent deux séries d'obligations : obligations senior à 6,950% échelonnées en 2028 et obligations senior à 7,000% échues en 2030. Les porteurs qui rachèteront leurs obligations d'ici la Early Tender Date du 3 octobre 2025 seront éligibles au Total Consideration, tandis que ceux qui les rachèteront après cette date mais avant l'expiration du 21 octobre 2025 recevront uniquement la Tender Consideration.
Embraer S.A. (NYSE: ERJ) hat eine Erhöhung des Maximum Tender Amount für seine Bar-Angebote auf ausstehende Anleihen angekündigt. Das Unternehmen hat die Obergrenze für den Gesamtkaufpreis von US$750 Millionen auf US$1 Milliarde erhöht, nach der erfolgreichen Preisgestaltung von US$1 Milliarde an neuen Senior-Anleihen mit 5,400% Zinssatz fällig 2038.
Die Angebote richten sich an zwei Anleiheserien: Senior Notes mit 6,950% Laufzeit 2028 und Senior Notes mit 7,000% Laufzeit 2030. Inhaber, die ihre Anleihen bis zum Early Tender Date am 3. Oktober 2025 einreichen, haben Anspruch auf die Total Consideration, während diejenigen, die nach diesem Datum, aber vor Ablauf am 21. Oktober 2025 einreichen, nur die Tender Consideration erhalten.
إمبرات S.A. (NYSE: ERJ) أعلنت عن زيادة الحد الأقصى لعروض التجارة النقدية لسنداتها القائمة. زادت الشركة الحد الإجمالي للشراء من 750 مليون دولار أمريكي إلى 1 مليار دولار، وذلك عقب نجاح تسعير 1 مليار دولار من سندات Senior جديدة بفائدة 5.400% وتستحق في 2038.
تستهدف عروض التجارة سلسلتين من السندات: سندات كبار بنسبة 6.950% مستحقة في 2028 و سندات كبار بنسبة 7.000% مستحقة في 2030. يمكن للمُلّاك الذين يعرضون سنداتهم قبل تاريخ Tender المبكر 3 أكتوبر 2025 أن يحصلوا على Total Consideration، بينما الذين يعرضونها بعد هذا التاريخ وقبل انتهاء صلاحية 21 أكتوبر 2025 سيحصلون فقط على Tender Consideration.
Embraer S.A.（NYSE：ERJ） 已宣布提高其现金 tender 要约的最大金额。公司已将总购买价上限从 7.5 亿美元提升至 10 亿美元，这是在成功定价 新发行的2038年到期、票面利率为5.400%的高级债券，总额为10亿美元 之后。
tender 要约针对两类债券：到期日为2028年的6.950%高级债券 与 到期日为2030年的7.000%高级债券。在 2025年10月3日的早期投标日期前投标的持有人将有资格获得 Total Consideration；在此日期之后但在 2025年10月21日 到期之前投标的，将仅获得 Tender Consideration。
- None.
- Increased debt obligation with new US$1 billion notes issuance
- Higher total debt service requirements extending to 2038
Insights
Embraer successfully refinances higher-interest debt with lower-cost notes, improving its financial structure and reducing future interest burden.
This announcement represents a strategic debt refinancing move by Embraer. The company has increased its tender offer from
The financial implications here are significant. By replacing notes carrying
The company's ability to upsize the offering from
This refinancing demonstrates proactive liability management by capitalizing on the favorable interest rate environment to optimize the company's capital structure. For bondholders of the 2028 and 2030 notes, this represents an opportunity to liquidate holdings at what will likely be a premium to par value, though the exact pricing details will be determined according to the methodology outlined in the offer document.
São Paulo, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Embraer S.A. (“Embraer”) (NYSE: ERJ) announces that Morgan Stanley & Co. LLC (the “Offeror”), with respect to its previously announced cash tender offers (each offer, an “Offer” and, collectively, the “Offers”) of outstanding (i)
As previously announced by Embraer, it successfully priced an offering of US
Accordingly, subject to the terms and conditions of the Offers as set forth in the Offer to Purchase, the Offeror has increased the Maximum Tender Amount, from (a) an aggregate principal amount of Notes that will not result in an Aggregate Purchase Price exceeding US
Except as described above in respect of the New Maximum Tender Amount, the terms of the Offers remain unchanged, including, without limitation, the Early Tender Date, the Withdrawal Date, the Early Settlement Date, the Expiration Date and the Final Settlement Date, each as defined in the Offer to Purchase. Holders who have previously validly tendered (and not withdrawn) their Notes will not need to re-tender their Notes to be eligible to receive the Total Consideration.
Capitalized terms used in this press release but not otherwise defined shall have the meanings given to them in the Offer to Purchase.
Information on the Offers
The Offers are scheduled to expire at 5:00 p.m., New York City time, October 21, 2025, unless extended or earlier terminated by the Offeror in its sole discretion (such time and date, as it may be extended or earlier terminated (the “Expiration Date”). Holders of Notes who validly tender (and do not validly withdraw) their Notes at or prior to 5:00 p.m., New York City time, on October 3, 2025, unless extended or earlier terminated by the Offeror in its sole discretion (such time and date, as it may be extended or earlier terminated, the “Early Tender Date”) will be eligible to receive the Total Consideration for the Notes. Holders of Notes who validly tender their Notes after the Early Tender Date but at or prior to the Expiration Date in the manner described in the Offer to Purchase will not be eligible to receive the Early Tender Payment and will, therefore, only be eligible to receive the Tender Consideration. Validly tendered Notes may be validly withdrawn at any time prior to the Early Tender Date but not thereafter, except as the Early Tender Date may extended or earlier terminated by the Offeror in its sole discretion.
Subject to the New Maximum Tender Amount, the amount of a series of Notes that are accepted for purchase in the Offers on any Settlement Date (as defined herein) will be based on the order of priority (the “Acceptance Priority Level”) for such series of Notes set forth in the Offer to Purchase, subject to the proration arrangements applicable to the Offers and as otherwise described in the Offer to Purchase.
The “Total Consideration” payable per US
If the aggregate principal amount of the Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date or the Expiration Date exceeds the New Maximum Tender Amount, a prorated amount of the Notes validly tendered (and not validly withdrawn) by holders of the Notes at or prior to the Early Tender Date or the Expiration Date, as the case may be, will be accepted for purchase.
Settlement
Holders of the Notes that have validly tendered and not validly withdrawn their Notes at or prior to the Early Tender Date and whose Notes are accepted for purchase shall, if the Offeror so elects, receive the Total Consideration on the early settlement date, which date is expected to occur two business days following the Early Tender Date (the “Early Settlement Date”). If the Offeror does not, in its sole discretion, elect to pay for such tendered Notes prior to the Expiration Date, then the Early Settlement Date will be the same as the final settlement date, which date is expected to occur two business days following the Expiration Date (the “Final Settlement Date” and, together with the Early Settlement Date, each a “Settlement Date”).
For More Information
The terms and conditions of the Offers are described in the Offer to Purchase, as amended by this press release. Copies of the Offer to Purchase are available at www.dfking.com/embraer and by request to D.F. King & Co., Inc., the tender agent and information agent for the Offers (the “Tender and Information Agent”). Requests for copies of the Offer to Purchase should be directed to the Tender and Information Agent at +1 (800) 488-8095 (toll free) and +1 (646) 665-7701 (collect) or by e-mail to embraer@dfking.com.
The Offeror reserves the right, in its sole discretion, not to accept any tenders of Notes for any reason. The Offeror is making the Offers only in those jurisdictions where it is legal to do so.
Morgan Stanley & Co. LLC is acting as dealer manager (the “Dealer Manager”) in connection with the Offers. The Dealer Manager can be contacted at their telephone numbers set forth on the back cover page of the Offer to Purchase with questions regarding the Offers.
Disclaimer
None of the Offeror, Embraer, the Dealer Manager, the Tender and Information Agent, the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether holders should or should not tender any Notes in response to the Offers or expressing any opinion as to whether the terms of the Offers are fair to any holder. Holders of the Notes must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender. Please refer to the Offer to Purchase, as amended by this press release, for a description of the offer terms, conditions, disclaimers and other information applicable to the Offers.
The Offers are being made solely by means of the Offer to Purchase, as amended by this press release. The Offers are not being made to holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In those jurisdictions where the securities, blue sky or other laws require any tender offer to be made by a licensed broker or dealer, the Offers will be deemed to be made on behalf of Embraer by the Dealer Manager or one or more registered brokers or dealers licensed under the laws of such jurisdiction.
This press release may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, including those related to the Offers. Forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements.
Embraer S.A.
Antonio Carlos Garcia
Head of Investor Relations
+55 (11) 3040-6874
FAQ
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