Eve Holding subsidiary secures $50M credit from Citibank for eVTOL production costs

Eve Holding, Inc.

EVE UAM, LLC (wholly owned subsidiary) entered a credit agreement with Citibank for a $50M advance.
Interest rate: 3.90% plus Term SOFR; half repayable at 3 years, remainder at 4 years from closing.
Proceeds used for supplier payments and prepayment of costs related to eVTOL aircraft production.
Eve Holding, Inc. guarantees the obligations under the credit agreement.
Only one draw permitted; amounts repaid may not be reborrowed.

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