Eve Holding Enters New Loan Agreement
Ticker: EVEX-WT · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1823652
| Field | Detail |
|---|---|
| Company | Eve Holding, INC. (EVEX-WT) |
| Form Type | 8-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing
Related Tickers: EVE
TL;DR
Eve Holding just signed a new loan agreement, potentially boosting their cash flow.
AI Summary
On October 10, 2024, Eve Holding, Inc. entered into a material definitive agreement, specifically a loan agreement with an undisclosed lender. This agreement creates a direct financial obligation for the registrant, with the specific terms and dollar amounts not detailed in this filing.
Why It Matters
This filing indicates Eve Holding has secured new financing, which could impact its operational capacity and financial structure.
Risk Assessment
Risk Level: medium — The lack of specific details regarding the loan amount, terms, and lender introduces uncertainty about the financial implications for Eve Holding.
Key Players & Entities
- Eve Holding, Inc. (company) — Registrant
- October 10, 2024 (date) — Date of agreement
- Zanite Acquisition Corp. (company) — Former company name
FAQ
What is the specific dollar amount of the loan agreement?
The filing does not specify the dollar amount of the loan agreement.
Who is the lender in this new agreement?
The identity of the lender is not disclosed in this filing.
What are the key terms and conditions of the loan agreement?
The filing does not provide details on the key terms and conditions of the loan agreement.
What is the purpose of this new financial obligation?
The filing does not state the specific purpose for entering into this loan agreement.
When was Eve Holding, Inc. formerly known as Zanite Acquisition Corp.?
Eve Holding, Inc. was formerly known as Zanite Acquisition Corp. prior to September 3, 2020.
Filing Stats: 1,054 words · 4 min read · ~4 pages · Grade level 10.1 · Accepted 2024-10-15 06:30:26
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share EVEX The New York Stock E
Filing Documents
- evex-20241010.htm (8-K) — 40KB
- ex101_1.htm (EX-10.1) — 319KB
- imge36dbb94fb8a493c92c2.jpg (GRAPHIC) — 3KB
- 0001554855-24-000685.txt ( ) — 573KB
- evex-20241010_def.xml (EX-101.DEF) — 17KB
- evex-20241010_pre.xml (EX-101.PRE) — 17KB
- evex-20241010_cal.xml (EX-101.CAL) — 1KB
- evex-20241010_lab.xml (EX-101.LAB) — 23KB
- evex-20241010.xsd (EX-101.SCH) — 4KB
- evex-20241010_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 10, 2024, EVE Solues de Mobilidade Area Urbana, Ltda. ("Eve Brazil"), a Brazilian limited liability company and a wholly owned subsidiary of Eve Holding, Inc., a Delaware corporation (the "Company"), and Embraer S.A., a Brazilian corporation, as intervening party ("Embraer"), entered into a financing agreement, dated as of October 7, 2024 (the "Financing Agreement"), with Banco Nacional de Desenvolvimento Econmico e Social – BNDES, Brazil's National Development Bank ("BNDES"), pursuant to which BNDES has agreed to grant four lines of credit to Eve Brazil. The credit is intended for the deployment of a manufacturing unit for the production of electric vertical takeoff and landing aircraft ("eVTOL"), in Taubat, State of So Paulo. The Financing Agreement provides that the availability of such lines of credit is subject to BNDES's rules and regulations. The first line of credit ("Sub-credit A"), in the amount of R$ 140 million (approximately U.S.$ 25.07 million) is to be provided from, among other sources, the resources of the Worker Support Fund – FAT and the resources originating from FAT – Special Deposits. The second line of credit ("Sub-credit B"), in the amount of R$ 60 million (approximately U.S.$ 10.77 million), is to be provided from funds raised by the BNDES System in foreign currency. The third line of credit ("Sub-credit C"), in the amount of R$ 210 million (approximately U.S.$ 37.61 million), is to be provided from, among other sources, the resources of the Worker Support Fund – FAT and the resources originating from FAT – Special Deposits. The fourth line of credit ("Sub-credit D"), in the amount of R$ 90 million (approximately U.S.$ 16.15 million), to be provided from funds raised by the BNDES System in foreign currency. The principal amount of the debt arising from the Sub-credit A will bear an interest rate of 2.20% per annum (as remuneration), and that arising from the Sub-credit C
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10. 1 * Financing Agreement, dated as of October 7, 2024, by and among EVE Solues de Mobilidade Area Urbana, Ltda., Embraer S.A. as intervening party, and Banco Nacional de Desenvolvimento Econmico e Social – BNDES. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. EVE HOLDING, INC. Date: October 15, 2024 By: /s/Simone Galvo de Oliveira Name: Simone Galvo de Oliveira Title: General Counsel