Announcement by Embraer S.A. of Results of Cash Tender Offer for Any and All Outstanding 5.400% Senior Unsecured Guaranteed Notes due 2027
Rhea-AI Summary
Embraer S.A. (NYSE: ERJ) has announced the completion of its cash tender offer for the 5.400% senior unsecured guaranteed notes due 2027. The tender offer, which expired on February 11, 2025, resulted in US$249,651,000 of notes being tendered out of the US$522,035,000 total outstanding amount.
The company offered US$1,012.18 per US$1,000 principal amount of notes, plus accrued and unpaid interest. Following the settlement, US$272,384,000 of the 2027 Notes will remain outstanding. All conditions described in the Offer to Purchase, including the Financing Condition, have been satisfied, and Embraer has accepted all validly tendered notes for purchase.
Positive
- Successfully retired US$249.65M of debt through tender offer
- All tender offer conditions met and completed as planned
- Demonstrates strong financial management and debt restructuring capability
Negative
- Only 47.8% of outstanding notes were tendered, leaving US$272.38M still outstanding
- Premium payment of US$12.18 per US$1,000 of notes above face value
News Market Reaction – ERJ
In the trading session that priced this news, ERJ declined 0.86%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SÃO PAULO, Feb. 12, 2025 /PRNewswire/ -- Embraer S.A. ("Embraer") (NYSE: ERJ) announces the expiration of its previously announced offer to purchase for cash any and all outstanding
The Tender Offer was made upon the terms and subject to the conditions set forth in the offer to purchase dated February 5, 2025 (the "Offer to Purchase") relating to the 2027 Notes and the accompanying notice of guaranteed delivery.
Information regarding the 2027 Notes and the results of the Tender Offer is summarized in the following table:
Title of Security | CUSIP / ISIN | Principal Amount | Principal Amount | Principal | Any and |
| 29082H AB8 / US29082HA B87 |
|
|
|
|
__________________ | |
(1) | Per |
Information on the Tender Offer
The Tender Offer expired at 5:00 p.m.,
All conditions described in the Offer to Purchase, including the Financing Condition, have been satisfied, and Embraer has accepted for purchase all of the 2027 Notes validly tendered.
For More Information
The terms and conditions of the Tender Offer are described in the Offer to Purchase. 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 Tender Offer (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) 829-6554 (toll free) and +1 (212) 269-5550 (collect) or by e-mail to embraer@dfking.com.
Embraer has engaged Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and PNC Capital Markets LLC to act as the dealer managers (the "Dealer Managers") in connection with the Tender Offer. The Dealer Managers can be contacted at their telephone numbers set forth on the back cover page of the Offer to Purchase with questions regarding the Tender Offer.
Disclaimer
This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities.
This press release may contain forward-looking statements within the meaning of Section 27A of the
Embraer S.A.
Antonio Carlos Garcia
Head of Investor Relations
+55 (11) 3040-6874
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SOURCE Embraer S.A.