CHC Helicopter Corporation Launches Private Placement of Senior Subordinated Notes due 2014
April 08 2004 - 12:00PM
PR Newswire (US)
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
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