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United States: Milbank Represents Erickson Air-Crane Incorporated In its Initial Public Offering
NEW YORK, NY, April 16, 2012 –
International law firm Milbank, Tweed, Hadley & McCloy LLP,
led by Global Securities partner Douglas A. Tanner, acted as
counsel to Erickson Air-Crane Incorporated
("Erickson") in its $38.4 million initial public
offering of common stock. Erickson's common stock is listed
on the NASDAQ Global Market under the symbol
"EAC." Erickson used the net proceeds from the
offering to pay down indebtedness under its revolving credit
facility.
Stifel, Nicolaus & Company, Incorporated, Oppenheimer
& Co. Inc. and Lazard Capital Markets LLC acted as joint
book-running managers, and D.A. Davidson & Co. and Wedbush
Securities Inc. acted as co-managers for the offering.
Based in Portland, Oregon, Erickson specializes in the operation
and manufacture of the Erickson S-64 Aircrane (the
"Aircrane"), a versatile and powerful heavy-lift
helicopter. The Aircrane has a lift capacity of up to 25,000 pounds
and is the only commercial aircraft built specifically as a flying
crane without a fuselage for internal loads. Erickson owns and
operates a fleet of 17 Aircranes, which are used to support a wide
variety of government and commercial customers worldwide across a
broad range of aerial services, including firefighting, timber
harvesting, infrastructure construction, and crewing. Erickson also
manufactures Aircranes and related components for sale to
government and commercial customers and provides aftermarket
support and maintenance, repair, and overhaul services for the
Aircrane and other aircraft.
Other Milbank attorneys involved in the IPO included Corporate
partner Roland Hlawaty and Tax partners Paul J. Wessel and Andrew
Walker. The Milbank team of associates was led by Global Securities
associates Kevin MacLeod, Michael Lee and Mindy Haverson and
included Corporate associate Meghan Gabriel and Tax associates
Nicole Leyton Rosser and Jonathan Grossberg.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading
international law firm providing innovative legal solutions to
clients throughout the world for more than 140 years. Milbank is
headquartered in New York and has offices in Beijing, Frankfurt,
Hong Kong, London, Los Angeles, Munich, São Paulo,
Singapore, Tokyo and Washington, DC.
The firm's lawyers provide a full range of legal
services to the world's leading commercial, financial and
industrial enterprises, as well as to institutions, individuals and
governments. Milbank's lawyers meet the needs of our
clients by offering a highly integrated and collaborative range of
services across key practice groups throughout our global network.
Milbank's integrated practice is underpinned by our
attorneys' acknowledged technical excellence, sectoral
expertise and a strong tradition of innovation and client
service.
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