The Evergreen purchase was financed partly with debt, and (together with challenging business conditions) caused Erickson to file for Chapter 11 bankruptcy in November 2016 to reorganize while keeping the business running.
The acquisition of Evergreen was supported by a portion of borrowed funds, which also contributed to challenging business conditions that prompted Erickson to seek Chapter 11 bankruptcy protection in November 2016 to reorganize the company while keeping it operational.