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5.400% senior unsecured guaranteed notes due 2038
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Announcement by Embraer S.A. of Increase of the Maximum Tender Amount of Offers to Purchase for Cash Certain Outstanding Securities
Globenewswire· 2025-09-23 12:54
Core Viewpoint - Embraer S.A. has announced an increase in the Maximum Tender Amount for its cash tender offers for senior unsecured guaranteed notes due in 2028 and 2030, reflecting a strategic move to enhance liquidity and manage debt effectively [1][3]. Group 1: Tender Offers Details - Morgan Stanley & Co. LLC is the Offeror for the cash tender offers of 6.950% senior unsecured guaranteed notes due 2028 and 7.000% senior unsecured guaranteed notes due 2030 [1]. - The Maximum Tender Amount has been increased from an original limit of US$750,000,000 to a new limit of US$1,000,000,000 [3]. - The terms of the Offers, including the Early Tender Date and Expiration Date, remain unchanged despite the increase in the Maximum Tender Amount [4]. Group 2: Tender Process and Considerations - The Offers are set to expire on October 21, 2025, with an Early Tender Date of October 3, 2025, where holders can receive Total Consideration [6]. - Holders who tender their Notes after the Early Tender Date will only receive Tender Consideration, not the Early Tender Payment [6]. - If the total principal amount of Notes tendered exceeds the New Maximum Tender Amount, a prorated amount will be accepted for purchase [9]. Group 3: Settlement Information - Holders whose Notes are accepted for purchase will receive Total Consideration on the Early Settlement Date, expected two business days after the Early Tender Date [11]. - If the Offeror does not elect to pay for tendered Notes before the Expiration Date, the Final Settlement Date will occur two business days after the Expiration Date [11].