usa Restructuring

Erickson



2016 to 2017    





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 continue to operate in the ordinary course of business.

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News of 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, 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, 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, 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, 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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