New Filing - Erickson Inc.
Erickson Inc.
- 11/08/16 Recap: Portland-based aviation services company with ties to the oil and gas and defense industries files for bankruptcy to delever balance sheet pursuant to a prenegotiated bankruptcy agreement with its lenders. The Company seeks a $180mm DIP credit facility (with $60mm of new money) to fund operations over the course of the restructuring.
- Jurisdiction: N.D. of Texas
- Capital Structure: $140mm RCF (Wells Fargo), $355mm '20 senior secured notes (Wilmington Trust)
- Company Professionals:
- Legal: Haynes & Boone LLP (Ian Peck, Kenric Kattner, Kourtney Lyda, Eli Columbus, Arsalan Muhammed)
- Financial Advisor: Alvarez & Marsal LLC (Darrick Martin, Holden Bixler)
- Investment Banker: Imperial Capital (Chris Shepard)
- Claims Agent: KCC (*click on company name for docket)
- Other Parties in Interest:
- Ad Hoc Group of Senior Secured Noteholders
- Legal: Akin Gump (Scott Alberino, Brad Kahn, Marty Brimmage)
- Investment Banker: Houlihan (Matthew Neiman, Andrew Morrow, Geoffrey Coutts)
- DIP Revolving Agent and ABL Agent (Wells Fargo)
- Legal: Goldberg Kohn Ltd. (Randall Klein) & (local) K&L Gates LLP (David Weitman)
- DIP Lenders: (Wayzata Investment Partners and MHR)
- Wilmington Trust
- Legal: Seyfarth Shaw LLP (Christopher Harney, Bret Harper)
- Ad Hoc Group of Senior Secured Noteholders
Updated 12/30/16