CHC Helicopter to fund tender for 11¾% notes with new subordinated debt

By Paul A. Harris

St. Louis, April 7 - CHC Helicopter Corp. of St. Johns, Newfoundland, plans to issue new subordinated debt to fund its tender for €94.25 million of 11¾% senior subordinated notes due 2007.

Merrill Lynch & Co. is the dealer manager for the tender offer, which expires on May 5.

A source familiar with the deal, while declining to offer any further details on the financing, told Prospect News that information could develop early in the coming week.

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