Embraer negotiates $ 600 mn bailout package

Aircraft maker Embraer negotiates a $ 600 million bailout package with banks that will include only debt instruments, with no possibility for creditors to hold a stake in the company. BNDES will provide about 50% of the loan, while the rest will be financed by Banco do Brasil, Banco Santander Brasil and Banco Bradesco.

Source: Money Times