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T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, March 4, 2017, Vol. 21, No. 62
Headlines
ERICKSON INC: Files Monthly Operating Report for December
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ERICKSON INC: Files Monthly Operating Report for December
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Erickson Incorporated, et al., filed with the U.S. Securities and
Exchange Commission its monthly operating report for December
2016.
EAC Acquisition Corporation (EAC) incurred a net loss of $23.81
million on $9.17 million of net revenue in December.
As of December 31, 2016, EAC had $571.46 million in total assets,
$558.25 million in total liabilities, and $13.21 million in total
stockholders' equity.
EAC listed $15.12 million in total receipts and $11.37 million in
total disbursements for December.
Erickson Helicopters, Inc. (EHI), recorded a net profit of $3.75
million on $8.28 million of net revenue for the month.
As of December 31, 2016, EHI had $306.42 million in total assets,
$35.44 million in total liabilities, and $270.98 million in total
stockholders' equity.
EHI listed $7.62 million in total receipts and $1.09
million in total disbursements for December.
A copy of the monthly operating report is available at the SEC at:
https://is.gd/ukBvNM
About Erickson
Founded in 1971, Erickson Incorporated --
http://www.ericksoninc.com/-- is a vertically-integrated
manufacturer and operator of the powerful heavy-lift Erickson S-64
Aircrane helicopter, and is a leading global provider of aviation
services.
Erickson Incorporated, based in Portland, OR, and its affiliates
each filed a Chapter 11 petition (Bankr. N.D. Tex.; Erickson
Incorporated, Case No. 16-34393; Evergreen Helicopters
International, Inc., Case No. 16-34392; EAC Acquisition
Corporation, Case No. 16-34394; Erickson Helicopters, Inc., Case
No. 16-34395; Erickson Transport, Inc., Case No. 16-34396;
Evergreen Equity, Inc., Case No. 16-34397; Evergreen Unmanned
Systems, Inc., Case No. 16-34398) on Nov. 8, 2016. The Hon.
Barbara J. Houser presides over the cases. In its petition,
Erickson estimated $942.8 million in assets and $881.5 million in
liabilities.
The Debtors have hired Haynes and Boone, LLP as counsel; Imperial
Capital LLC, as investment banker; Alvarez & Marsal as financial
and restructuring advisor; and Kurtzman Carson Consultants as
claims and noticing agent.
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S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Copyright 2017. All rights reserved. ISSN: 1520-9474.
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