PHI starts roadshow for $300 million eight-year senior notes

By Paul A. Harris

St. Louis, Sept. 14 - PHI, Inc. began a brief roadshow on Tuesday for its $300 million offering of eight-year senior unsecured notes, according to a market source.

The deal is set to price Thursday.

UBS Investment Bank is the bookrunner for the Rule 144A and Regulation S with registration rights offering.

The notes come with four years of call protection.

Proceeds will be used to fund the tender for all of the company's outstanding 2013 notes, to redeem notes not purchased in the tender and for general corporate purposes.

PHI is a Lafayette, La.-based provider of commercial helicopter services to the oil and gas industry.

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