CHC Group Ltd. has announced today that as of midnight New York City time on May 1, 2015, the expiration date, $20,755,150 aggregate principal amount of outstanding 9.375% Senior Notes due 2021 of CHC Helicopter S.A., its indirect wholly-owned subsidiary, had been tendered and not withdrawn in the previously announced tender offer to purchase up to $80 million aggregate principal amount of the notes. No notes were tendered after the early tender date but at or prior to the expiration date.
All of the notes that were tendered and not withdrawn at or prior to the early tender date were purchased by CHC on April 21.
Each $1,000 of notes represents $650 of outstanding obligations. Holders who tendered their notes and did not withdraw at or prior to the early tender date received an amount of $438.75 per $650 of notes purchased, including an early tender payment of $45.50. Additionally, accrued and unpaid interest on the purchased notes was paid from the last interest payment date to, but not including, April 21.
The dealer manager for the tender offer was Morgan Stanley & Co. The information and tender agent for the tender offer was D.F. King & Co.
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