Company Receives Court Approval to Access Up to $49 Million in DIP Term Financing
PORTLAND, Ore., Nov. 11, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (
The Court has authorized Erickson to immediately access up to $49 million of its $66 million debtor‐in‐possession term financing. This financing, along with the Company’s approved DIP Revolver Financing, will provide sufficient liquidity to fund ongoing operations in the ordinary course of business and will maintain Erickson’s longstanding commitment to safety, compliance, and customer service.
At the first day hearing in the Erickson Chapter 11 cases, Judge Harlin Hale...