Offshore Logistics $200 million 10-year notes talked at 6 1/8%-6 3/8%, pricing Tuesday morning

By Paul A. Harris

St. Louis, June 16 - Price talk of 6 1/8%-6 3/8% emerged Monday on Offshore Logistics, Inc.'s planned sale of $200 million 10-year senior notes (Ba2/BB+), according to an informed source.

The deal is expected to price on Tuesday morning, the source said.

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

The notes are non-callable for five years.

Proceeds will be used to redeem notes and convertibles.

The company is based in Lafayette, La.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.