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Non-Tech : FLYA: CHC Helicopter Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Montana Wildhack who wrote (5)	5/8/2002 12:01:26 PM
From: Montana Wildhack	Read Replies (1) \| Respond to of 19

CHC to complete partial redemption of Senior Subordinated Notes ST. JOHN'S, NF, May 8 /CNW/ - CHC Helicopter Corporation ("CHC") (TSE:FLY.A and FLY.B; NASDAQ:FLYA) announced today it has formally given notice that it intends to redeem 35% of its 11.75% Senior Subordinated Notes. The partial redemption is expected to be complete on May 28, 2002. The 35% 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 318 light, medium and heavy aircraft operating in 23 countries, and with approximately 2,300 employees worldwide.