CHC Helicopter SA on Wednesday sold $1.1 billion of first lien senior secured notes in the 144a private placement market, said a market source. Morgan Stanley, HSBC, RBC Capital Markets, and UBS were the joint bookrunning managers for the sale.
BORROWER: CHC HELICOPTER SA
AMT $1.1 BLN Â Â Â COUPON 9.250 PCT Â Â MATURITY 10/15/2020
TYPE 1ST LIEN NTS ISS PRICE 98.399 Â Â FIRST PAY 4/15/2011
MOODY’S B1 Â Â Â Â YIELD 9.50 PCT Â Â Â SETTLEMENT 10/4/2010
S&P B-PLUS Â Â Â Â SPREAD 690 BPS Â Â Â PAY FREQ SEMI-ANNUAL
FITCH N/A Â Â Â Â Â MORE THAN TREAS Â Â NON-CALLABLE 5 YRS*
* MAKE-WHOLE CALL 50 BPS
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