Embraer Arranges $200 Million Credit Facility With Citibank

SÃO PAULO--Embraer SA said Thursday it arranged a credit facility of $200 million to finance purchases from direct suppliers in the U.S.

The financing will be provided by Citibank and guaranteed by the Export-Import Bank of the U.S., the Brazilian aircraft maker said. The arrangement is part of Embraer's efforts to diversify its credit operations in the global aviation market, the company said.

Embraer produces some of its executive jets at a facility in Melbourne, FL.