2016 to 2017


usa Restructuring

Erickson


Markets & Finance




erickson restructuring

On November 8, 2016, Erickson filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. Set as a financial restructuring, the company continued to operate in the ordinary course of business and after 5 months they successfully completed the process.



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  News about Restructuring


Erickson Completes Financial Restructuring

Erickson Completes Financial Restructuring

28-Apr-17 - Erickson Incorporated, global provider of aviation services, announced it has successfully emerged from Chapter 11 bankruptcy protection.
Erickson Reorganization Confirmed by Court

Erickson Reorganization Confirmed by Court

21-Mar-17 - Erickson Chapter 11 plan of reorganization was confirmed by the United States Bankruptcy Court for the Northern District of Texas. A step toward for emerge from bankruptcy
Erickson Receives Court Approval

Erickson Receives Court Approval

02-Dec-16 - United States Bankruptcy Court for the Northern District of Texas granted Erickson’s request so they will have access to $60M to fund ongoing operations
Erickson Receives Interim DIP Financing Approval

Erickson Receives Interim DIP Financing Approval

11-Nov-16 - Company receives court approval to access up to $49 million in DIP (Debtor-in-possession) term financing. Global business operations to continue without interruption
Erickson Inc Restructuring

Erickson Inc Restructuring

08-Nov-16 - Erickson Inc and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in Texas





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