FLYA: CHC Helicopter Corp. Message Board

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Non-Tech : FLYA: CHC Helicopter Corp.

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To: Montana Wildhack who wrote (6)	6/9/2002 12:12:04 PM
From: Montana Wildhack	Read Replies (1) of 19

CHC completes redemption of senior subordinated notes ST. JOHN'S, NF, May 28 /CNW/ - CHC Helicopter Corporation ("CHC") (TSX:FLY.A and FLY.B; NASDAQ:FLYA) announced today it has completed the redemption of 35% of its 11.75% Senior Subordinated Notes. The Partial Redemption is permitted under the Notes Indenture from proceeds of a public equity offering. The total cost of the redemption, including premium, is 111.75%, or 56.7 million Euros. CHC recently announced its completion of a Treasury offering of 4,200,000 Class A Subordinate Voting Shares at a price of $28.40 per voting share, and indicated it intended to use a portion of the proceeds to repay debt. CHC Helicopter Corporation through its subsidiaries and investments is a leading provider of Helicopter transportation services to the oil and gas industry, with a combined fleet of more than 300 light, medium and heavy aircraft operating in 23 countries, and with approximately 2,300 employees worldwide. %SEDAR: 00002218E

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