secwatch.observer — SEC 8-K summary
======================================

Issuer:     Eve Holding, Inc. (EVEX)
CIK:        0001823652
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001554855-24-000724
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823652/000155485524000724/0001554855-24-000724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823652/000155485524000724/evex-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001554855-24-000724

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer