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CHC Helicopter to get $300 million revolver led by Morgan Stanley
By Sara Rosenberg
New York, Sept. 15 - CHC Helicopter Corp. is getting a new $300 million senior secured revolving credit facility (Ba1) that was already pre-sold to club banks, according to a market source.
Morgan Stanley is the left lead bank on the deal.
Proceeds will be used to refinance existing debt.
The company is also repaying all of the outstanding debt under its senior credit facility using proceeds from a $1.1 billion first-lien notes offering.
CHC is a Vancouver-based commercial helicopter operator.
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