White & Case advises banks on Embraer’s US$1 billion notes offering and concurrent tender offers
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Global law firm White & Case LLP has advised a consortium of leading banks, as underwriters, on Embraer Netherlands Finance B.V.'s US$1 billion aggregate principal amount of its 5.400% notes due 2038. The Firm also advised Morgan Stanley & Co. LLC, as dealer manager, on the concurrent intermediated capped tender offer targeting Embraer's 6.950% senior unsecured guaranteed notes due 2028 and 7.000% senior unsecured guaranteed notes due 2030.
The notes were unconditionally and irrevocably guaranteed by Embraer, a global aerospace company headquartered in Brazil that operates in the commercial aviation, executive aviation, defense & security and related service and support segments. The proceeds were used to fund the concurrent tender offers and general corporate purposes.
The White & Case team was led by Capital Markets partner John Guzman (São Paulo), and included Capital Markets associate Beatriz Barros (São Paulo); and Tax partner Chad McCormick and associate Thor Fielland (both in Houston). Law clerk Camilo Vasquez (São Paulo) also assisted on the matter.
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