Erickson Incorporated, along with affiliates, filed first amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 19, 2017. As per the amendments filed, The DIP term facility claims in the amount of $69.78 million have agreed to receive their pro rata share of a portion of the new second lien credit facility, and the DIP equity distribution. The amount of allowed DIP term facility claims that is converted into the new second lien credit facility can range from $40 million up to the full amount of allowed DIP term facility claims (approximately $70 million). Accordingly, the amount of DIP equity distribution received will be adjusted such that when combined with the amount of new second lien credit facility distributed to holders of allowed DIP term facility claims, such allowed DIP term facility claims will be paid in full. If existing second lien secured claim holders in the amount of $370.21 million accept the plan, the existing second lien secured claims in the amount of $23.27 million shall receive its pro rata share of the second lien equity distribution and remaining $346.94 million shall be deemed to be Allowed Existing Second Lien Deficiency Claims and treated as Claims in General Unsecured Claims. If existing second lien secured claim holders votes to reject the Plan, the entire amount of allowed existing second lien claims shall be deemed to be allowed existing second lien deficiency claims and treated as claims in general unsecured claims. The $451.94 million of General unsecured claims including existing second lien deficiency claims shall receive its pro rata share of the litigation trust interests. The plan shall be funded with $150 million New First Lien Credit Facility, $69.78 million New Second Lien Credit Facility, issuance of the New Common Stock and $20.0 million Rights Offering. The treatment for all other claim classes remains same.