Offshore Logistic to start roadshow for $200 million 10-year notes on Tuesday

By Paul A. Harris

St. Louis, June 9 - The roadshow will begin Tuesday for Offshore Logistics, Inc.'s $200 million of senior notes due 2013 (Ba3/BB+), according to a syndicate source.

The deal is expected to price early in the week of June 16, the source added.

Credit Suisse First Boston is the bookrunner for the Rule 144A deal. The co-managers are Deutsche Bank Securities, Howard Weill Labouisse Fredericks, Jefferies & Co., Johnson Rice and Robert Baird.

The notes are non-callable for five years.

Proceeds will be used to redeem Offshore Logistics' $100 million 7 7/8% senior notes due 2008, $90.9 million 6% convertible notes due 2003, 6% convertible notes due December 2003 and 7 7/8% senior notes due January 2008.

The company is based in Lafayette, La.

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