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CHC Helicopter calls $130 million of 9¼% senior notes due 2020
By Marisa Wong
Madison, Wis., Jan. 9 - CHC Helicopter SA plans to redeem $130 million of its 9¼% senior secured notes due 2020 on Feb. 7, according to a notice.
The notes will be redeemed at a price of 103 plus accrued interest to the redemption date.
As of Jan. 8, a total of $1.3 billion principal amount of the notes was outstanding.
The redemption is conditioned on completion of an initial public offering of ordinary shares of CHC Group Ltd., the company's indirect parent, according to an 8-K filing with the Securities and Exchange Commission.
Bank of New York Mellon is the trustee.
The company is a Richmond, B.C.-based commercial operator of helicopters.
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