MD Helicopters Enters into Asset Purchase Agreement with Group Led by Bardin Hill and MBIA Insurance Corporation
Fri, 04/01/2022 - 12:07
MD Helicopters, Inc. (“MD” or “the Company”) announces that it has entered into an asset purchase agreement with a creditor consortium led by Bardin Hill and MBIA Insurance Corporation (the “Creditor Consortium”). The Creditor Consortium will acquire nearly all of the Company’s assets and provide new capital to strengthen MD’s financial position and support the Company’s continued ability to manufacture and service its high-performance helicopters. The Company expects to continue its regular course of operations throughout the sale process and remains focused on serving its civil and military customers and working with suppliers as normal.