Erickson Air-Crane sets roadshow for $400 million seven-year notes

By Paul A. Harris

Portland, Ore., April 17 - Erickson Air-Crane Inc. plans to conduct a roadshow for its $400 million offering of seven-year second-priority senior secured notes through April 24 and price the notes thereafter, according to a market source.

Deutsche Bank Securities Inc. is the left bookrunner. Wells Fargo Securities LLC is the joint bookrunner. Stifel Nicholas and Imperial Capital are the co-managers.

The Rule 144A and Regulation S with registration rights notes become callable in three years at par plus 75% of the coupon. A special call provision allows the issuer to redeem 10% of the notes annually during the non-call period.

Credit ratings remain to be determined.

The Portland, Ore.-based provider of helicopter lift services plans to use the proceeds to fund the acquisitions of Evergreen Helicopters, Inc. and Air Amazonia and to refinance debt.

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