Loans and Financing

12 Months Ended

Dec. 31, 2024

19.	LOANS AND FINANCING

See accounting policy in Note 2.3.3.


Purpose of the loan (Unaudited)	Currency		Interest rate - %		Maturity				12.31.2024		12.31.2023
Property, plant and equipment
		US$		SIFMA		2025- 35				20.0		20.5
Guaranteed Notes
		US$		5.40% p.a.		2027				533.2		532.9
		US$		6.95% p.a.		2028				491.9		491.2
		US$		7.00% p.a.		2030				761.7		760.3
Working capital
		R$		CDI + 2.60% p.a.		2026				3.3		4.3
		Euro		3.96% p.a. a 4.52% p.a.		2024- 25				22.0		30.7
		Euro		Euribor 1M + 1.40% p.a.		2025				—		2.9
		Euro		Euribor 12M + 1.31% p.a.		2024- 26				1.2		2.3
		US$		SOFR 6M + 0.50% p.a.		2025				10.7		22.4
		US$		SOFR 6M + 2.60%		2027	(i	)		—		102.4
		US$		4.35% p.a. a 4.50% p.a.		2024- 30				26.0		25.2
		US$		SOFR 6M + 0.75% p.a.		2024- 31				66.8		57.6
Export financing
		US$		5.92% p.a.		2026				30.5		30.5
		US$		5.49% p.a.		2027				372.7		401.0
		US$		5.44% p.a.		2028	(ii	)		—		170.0
		US$		4.99% p.a.		2028	(ii	)		—		30.5
		US$		SOFR 12M + 1.77%		2028	(i	)		—		165.8
Projects
		R$		4.55% p.a.		2026- 35				13.0		13.2
		R$		TR + 2.20% p.a.		2029- 40				7.4		—
		US$		5.30% p.a. a 5.77% p.a.		2027- 35				69.8		12.7
		US$		SOFR 3M + 3.90% p.a.		2028				50.0		—
		US$		5.69% p.a.		2029- 40				0.9		—
Others
		US$		10.50% p.a.		2028				10.0		10.0

Total										2,491.1		2,886.4

Current										113.8		127.1
Non-current										2,377.3		2,759.3

(i)	In March 2024, the Company early settled these loans.

(ii)	In December 2024, the Company made the full early settlement of the contract with BNDES due in 2028 for the total amount of US$ 202.2 . No additional costs were incurred on this amount to make the advance payment.

As of December 31, 2024, the maturity schedule for loans and financing classified as

non-current

is:


2026			49.4
2027			941.3
2028			537.0
Thereafter			849.6

			2,377.3

19.1 Guarantees

As a guarantee for part of the Company’s financing, properties, improvements, machinery, equipment, and bank guarantees were offered in the total amount of US$ 705.1 (2023: US$ 799.8). For the financing of subsidiaries, guarantees were

obtained

in the form of financial guarantees and endorsement from Embraer, which totaled the amount of US$ 1,941.5 (2023: US$ 1,998.9).

19.2 Covenants

Certain loans and financing contracts are subject to

non-financial

covenants, including restrictions on the creation of new liens on assets, significant changes in the Company’s share control, significant disposal of assets and payment of dividends exceeding the minimum required by law in case of default on financings and in transactions with its subsidiaries. As of December 31, 2024, the Company complied with these

non-financial

covenants related to its loans and financing.

Currently, Embraer has one financing subject to financial covenant, which was entered into BNDES in December 2022. As of December 31, 2024, Embraer complied with the restrictive clause. The next mandatory assessment of the financial indicator will take place at the end of 2025.