CHC Redeeming 8% Subordinated Debentures Due 2007
May 06 2004 - 4:45PM
PR Newswire (US)
CHC Redeeming 8% Subordinated Debentures Due 2007 ST. JOHN'S, NL,
May 6 /PRNewswire/ -- CHC Helicopter Corporation ("CHC") (TSX:
FLY.A and FLY.B; NYSE: FLI) announced today that it will redeem, on
June 4, 2004 (the "Redemption Date"), in accordance with the terms
of The Trust Indenture, all outstanding 8% Convertible Subordinated
Debentures of CHC Helicopter Corporation issued August 20, 1987.
The redemption price for each Debenture shall be 101.2% of the
principal amount plus all accrued and unpaid interest on the
principal amount up to the Redemption Date. The value of
outstanding Debentures to be redeemed is approximately CDN$10.5
million, plus accrued interest. Details of the Redemption will be
provided in the Notice of Early Redemption to be issued to all
Holders. CHC Helicopter Corporation is the world's largest provider
of helicopter services to the global offshore oil and gas industry,
with aircraft operating in 30 countries and a team of approximately
3,500 professionals worldwide. If you wish to be added to, or
removed from, the Company's distribution list, please contact .
DATASOURCE: CHC Helicopter Corporation CONTACT: Derrick Sturge,
Vice-President, Finance & Corporate Secretary, (709) 570-0713;
Chris Flanagan, Director of Communications, (709) 570-0749;
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