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CHC Helicopter Corporation Launches Private Placement of Senior
Subordinated Notes due 2014
ST. JOHN'S, NL, April 8 /PRNewswire-FirstCall/ -- CHC Helicopter Corporation
(TSX: FLY.A and FLY.B; NYSE: FLI) announced today that it intends, subject to
market and other customary conditions, to make private offerings of up to
$250,000,000 in aggregate principal amount of senior subordinated notes due
2014. The notes will be guaranteed by the each of the Company's subsidiaries
that guarantee the Company's senior credit facility.
The net proceeds of the offering will be used to purchase the Company's
outstanding (euro) 94.3 million 11 3/4% Senior Subordinated Notes due 2007,
including payment of the related redemption premium, accrued interest and
related fees and expenses. The Company intends to use the balance of the net
proceeds of the offering to reduce outstanding indebtedness.
The notes will be offered in the United States to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended. Certain of
these securities may also be offered to non-U.S. persons outside of the United
States pursuant to Regulation S under the Securities Act. The notes will not be
and have not been registered under the Securities Act, or any state securities
laws, and will not be offered or sold in the United States absent registration
under, or an applicable exemption from, the registration requirements of the
Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the notes, nor shall there be any sale of the notes in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state. The
notes may be offered only by means of an offering memorandum.
DATASOURCE: CHC Helicopter Corporation
CONTACT: Jo Mark Zurel, Senior Vice-President & Chief Financial Officer,
(709) 570-0567;Derrick Sturge, Vice President Finance & Corporate Secretary,
(709) 570-0713; Chris Flanagan, Director of Communications, (709) 570-0749