Brazilian Embraer Confirmed in Talks with BNDES, Domestic and Foreign Banks for Funding Support | Instant News

SAO PAULO – Brazilian planner Embraer SA is in talks with the national development bank BNDES and several domestic and foreign banks regarding support packages, with talks focused on increasing working capital for exports, he said in a statement on Thursday.

Embraer sought credit lines between $ 1 billion and $ 1.5 billion after an agreement with Boeing Co. failed, and had recruited Itau BBA, the investment banking unit of Itau Unibanco Holding SA, to help with the talks, sources told Reuters.

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

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