Erickson Air-Crane Incorporated Announces Offering of Second Priority Senior Secured Notes due 2020

  Erickson Air-Crane Incorporated Announces Offering of Second Priority Senior
  Secured Notes due 2020

Business Wire

PORTLAND, Ore. -- April 17, 2013

Erickson Air-Crane Incorporated (Nasdaq: EAC) announced today that it intends
to offer $400 million of its second priority senior secured notes due 2020 to
qualified institutional buyers pursuant to Rule 144A under the Securities Act
of 1933, as amended, and outside the United States in compliance with
Regulation S. The notes will be Erickson’s second priority senior secured
obligations and will be guaranteed by certain of Erickson’s existing and
future domestic subsidiaries.

Erickson intends to use the net proceeds of the offering to (i) finance a
portion of the purchase price for the previously-announced proposed
acquisition of Evergreen Helicopters, Inc., a subsidiary of Evergreen
International Aviation, Inc., (ii) finance the initial consideration for the
previously-announced proposed acquisition of Air Amazonia Serviços Aéreos
Ltda., the aerial services business of HRT Participacoes em Petroleo, S.A.,
(iii) refinance its existing unsecured subordinated notes due 2015 and
unsecured subordinated notes due 2016, (iv) refinance its existing senior
secured asset-based revolving credit facility and (v) pay related fees and
expenses. Any remaining net proceeds will be used for general corporate
purposes.

This announcement is neither an offer to sell nor a solicitation to buy any of
these securities and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale is unlawful. The
securities have not been registered under the Securities Act, or any state
securities laws, and unless so registered, may not be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state laws.

Forward-Looking Statements:

In addition to historical information, certain statements contained in this
press release are forward-looking statements within the meaning of federal
securities laws and we intend that such forward-looking statements be subject
to the safe-harbor created thereby. Forward-looking statements include our
expectations as to our ability to comply with our debt obligations, the
effects of increased competition in our business, our ability to successfully
manage the acquisitions, our ability to effectively manage our growth and our
ability to market our aerial services in new geographic areas and markets.
Additionally, statements concerning future matters such as the development of
new products, enhancements or technologies, sales levels, expense levels and
other statements regarding matters that are not historical are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 regarding future events, and our future results are based on current
expectations, estimates, forecasts, and projections about the industries in
which we operate and the beliefs and assumptions of our management. Actual
results may vary materially from such expectations. Words such as “may,”
“should,” “intends,” “plans,” “expects,” “anticipates,” “targets,” “goals,”
“projects,” “believes,” “seeks,” “estimates,” “forecasts,” or variations of
such words and similar expressions, or the negative of such terms, may help
identify such forward-looking statements. Any statements that refer to
projections of our future financial performance, our anticipated growth and
trends in our businesses, and other characterizations of future events or
circumstances, are forward-looking. In addition to matters affecting the
aviation industry or the economy generally, factors that could cause actual
results to differ from expectations stated in forward-looking statements
include, among others, the factors described in “Risk Factors” section in our
Annual Report on Form 10-K filed with the Securities and Exchange Commission
on March 8, 2013. You should not place undue reliance on forward-looking
statements, which speak only as of the date made. All subsequent written or
oral forward-looking statements attributable to us or any person acting on
behalf of us are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Except for our
obligations under the Securities Exchange Act of 1934 to disclose any material
changes in the information previously disclosed to holders, we undertake no
obligation to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.

Contact:

Investor and Financial Contacts:
Erickson Air-Crane Incorporated
David Finnie, 503-505-5812
Sr. Director, Finance & Business Operations
 
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