United States: Milbank Represents Erickson Air-Crane Incorporated In its Initial Public Offering
Last Updated: June 9 2012

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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