Erickson, a global provider of aviation services, has opened syndicate participation in a debtor-in-possession term loan facility by eligible beneficial holders of Erickson’s 8.25% second priority senior secured promissory notes due 2020.

Eligible beneficial holders of these notes will have the opportunity to purchase a portion of $62.5 million in aggregate principal amount of the DIP term facility pursuant to certain syndication procedures established by Erickson, certain holders of the second priority notes that entered into a creditor support agreement with the debtors and certain other creditors of the debtors, and Wells Fargo, the administrative agent under the DIP term dacility.

The syndication procedures were filed on the docket of the U.S. Bankruptcy Court for the Northern District of Texas on November 29, 2016 at docket number 110. On December 2, 2016, the Bankruptcy Court entered into a final order granting final approval of the DIP term facility, and pursuant to the final DIP order, Erickson has been authorized to assist in its syndication in accordance with the syndication procedures.

Participation in the opportunity is limited to an eligible holder of the second priority notes.

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