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Eurocopter – ECA-backed financing
26 March 2010
Brazilian success story for Eurocopter
Coordinating MLA: Société Générale (SG)
Co-lead MLAs: BNP Paribas; Crédit Agricole; Santander
Borrower: Ministry of Finance, Brazil
Amount: Buyer credits e1.57 billion. Commercial loan e194 million
ECA: Coface
Tenor: Buyer credit – 17-years. Commercial loan – 7-years
Eqpt suppliers: Eurocopter (France); Helibras (Brazil) |
In this particular deal we see a remarkable success story for exports from the European helicopter manufacturer, Eurocopter, an EADS company, for the export of design, supply and construction of 50 type EC-725 helicopters to be supplied to Brazil‘s three armed forces: the Air Force, Navy and Army. The commercial contract was initially signed by Eurocopter and its Brazilian subsidiary, Helibras, with the Ministry of Defence (MoD) of Brazil back in December 2008. Financial signing took place on 30 September, 2009. The complexity of all the financing schedules attached to this transaction (see below) make it a worthy Deal of the Year.
The commercial contract is...
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