The Oregonian reported that Portland-based helicopter operator Erickson is at odds with its primary lender, Wells Fargo.
According to a related 8-K filing, Wells Fargo and Deutsche Bank entered into a 13th amendment to the Erickson credit agreement on July 22, 2016. As part of the agreement, Wells Fargo entered an amendment fee letter stating that Erickson is required to pay a fee of $3.5 million if the $140 million credit facility is not refinanced by August 29, 2016 and an additional $1.5 million if the loan is not refinanced by September 12, 2016.
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