Stay tuned with Era News
Stay tuned with Era News
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2013/03/15 Era Helicopters Reports Accident
Era Helicopters, LLC is responding to an accident involving an S-76A++ helicopter that occurred near Lake Charles, Louisiana at approximately 11:45 a.m. today.
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2013/02/27 Era Group Inc. Announces Results for the Fourth Quarter and Year Ended December 31, 2012
Era Group Inc. (NYSE: ERA) today announced its results for the fourth quarter and year ended December 31, 2012. Prior to January 31, 2013, Era Group was a wholly owned subsidiary of SEACOR Holdings Inc. (“SEACOR”). On January 31, 2013, SEACOR completed the spin-off of Era Group (“Spin-off”). Era Group is now an independent public company with its common stock listed on the New York Stock Exchange under the symbol “ERA”. In connection with the Spin-off, SEACOR exchanged all of the Era Group Series A preferred stock and Class B common stock that it held for newly-issued shares of Era Group common stock that was then distributed in the Spin-off. Following the Spin-off, Era Group has only one class of common stock outstanding and no preferred stock outstanding. The accretion of redemption value on Series A preferred stock ceased on January 31, 2013.
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2013/02/01 Era Group Inc. Begins Trading on NYSE as an Independent Public Company, Symbol "ERA"
SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”) and Era Group Inc. (“Era Group”) today announced the successful completion of the spin-off of Era Group from SEACOR, finalizing the transition to Era Group’s status as an independent public company.
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2012/12/04 Era Group Inc. Announces Pricing of 7.75% Senior Notes Due 2022
Era Group Inc., a Delaware corporation (the “Company” or “Era Group”), and a wholly-owned subsidiary of SEACOR Holdings Inc., today announced that it had priced an offering of $200.0 million in aggregate principal amount of 7.75% Senior Notes due 2022. The transaction is expected to close on December 7, 2012. The Company plans to use net proceeds to repay borrowings outstanding under its revolving credit facility.
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2012/11/26 Era Group Inc. Announces Commencement of Private Placement of up to $200 Million of Senior Notes
Era Group Inc., a Delaware corporation (the “Company” or “Era Group”), a wholly-owned subsidiary of SEACOR Holdings Inc., announced today that it has commenced a private placement (the “Offering”) of up to $200 million of senior unsecured debt securities. The Company plans to use net proceeds to repay borrowings outstanding under its revolving credit facility.
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2012/10/11 Era Group Inc. Announces Appointment of Christopher Bradshaw as Chief Financial Officer, and Formation of Senior Management Team
Era Group Inc. ("Era"), a leading helicopter transport operator based in the United States, today announced that Christopher S. Bradshaw will join the company as Executive Vice President and Chief Financial Officer, effective October 22, 2012. Mr. Bradshaw joins Era from U.S. Capital Advisors LLC, a financial advisory firm where he served as Managing Partner and Chief Financial Officer.
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2012/03/26 Era Group Inc. Announces Appointment of Sten Gustafson as Chief Executive Officer
Era Group Inc. (“ERA”) today announced that Sten L. Gustafson will join the company as Chief Executive Officer, effective April 1, 2012. Mr. Gustafson comes from Deutsche Bank Securities, where he served as Managing Director and Head of Energy, Americas. Charles Fabrikant, who resigned as President and Chief Executive Officer, will continue to serve as Chairman of Era Group.
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2012/01/04 Era Group Inc. Announces Entry into Revolving Credit Facility
Era Group Inc. (“ERA”), one of the largest helicopter operators in the world and a wholly owned subsidiary of SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”) today announced it entered into a $350 million senior secured revolving credit facility. Under the terms of the facility, ERA has the ability to borrow up to $350 million.
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