CHC Prices Private Offering of US$300M Senior Unsecured Notes Due 2021

CHC Prices Private Offering of US$300M Senior Unsecured Notes Due 2021

9-May-2013 Source: CHC

CHC Helicopter announced today that it has priced a private offering of US$300 million aggregate principal amount of its 9.375% Senior Unsecured Notes due 2021. The offering is exempt from the registration requirements of the Securities Act of 1933, as amended.

CHC expects to use proceeds from the notes to repay borrowings outstanding under its senior secured revolving credit facility, to pay fees and expenses in connection with the offering, and for other working capital and general corporate purposes. Those purposes include, but are not limited to, refinancing certain aircraft leases, repaying or redeeming other debts, and/or capital expenditures.

About CHC

CHC Helicopter is a leader in enabling customers to go further, do more and come home safely, including oil and gas companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services through the Heli-One division. The company is headquartered in Vancouver and operates more than 240 aircraft in about 30 countries around the world.

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