Simpson Thacher Represents CHC Helicopter in Refinancing
05.13.13
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The Firm recently represented CHC Helicopter S.A. (“CHC Helicopter”) in an offering of $300 million aggregate principal amount of 9.375% Senior Notes due 2021 in reliance on Rule 144A and Regulation S.
CHC Helicopter used the proceeds of the debt offering to repay borrowings outstanding under its senior secured revolving credit facility, to pay fees and expenses in connection with the offering, and for other working capital and general corporate purposes, including, but not limited to, refinancing of certain of its aircraft leases, the repayment or redemption of other secured indebtedness and/or capital expenditures.
CHC Helicopter is a world-leading commercial operator of medium and heavy helicopters, providing mission-critical services to the offshore oil and gas industry, as well as search and rescue and emergency medical services to government agencies and commercial operators through its Helicopter Services segment.
The Simpson Thacher team for these transactions included Ryan Bekkerus, David Azarkh and Matthew Tappin (Capital Markets); Jonathan Cantor and Chang Won Choi (Tax); Timothy Mulvihill (Environmental); Aimee Adler (Benefits); and Mardi Merjian (Real Estate).