Air Methods draws $220 million under facility to fund Tri-State buyout

By Marisa Wong

Morgantown, W.Va., Jan. 26 – Air Methods Corp. borrowed an additional $220 million under its third amended and restated credit agreement with KeyBank NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The company used the borrowings and cash on hand to finance its acquisition of Tri-State Care Flight, LLC.

Tri-State will be added as a borrower under the credit agreement.

Air Methods is an air medical transportation company based in Englewood, Colo.

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