CHC Helicopter Corporation Completes Cash Tender Offer and Consent Solicitation for its 11 3/4% Senior Subordinated Notes Due 2007 ST. JOHN'S, NL and LABRADOR, May 5 /PRNewswire-FirstCall/ -- CHC Helicopter Corporation (TSX: FLY.A and FLY.B; NYSE: FLI) announced today the completion of its cash tender offer and consent solicitation for all of its outstanding 11 3/4% Senior Subordinated Notes due 2007 (the "Notes"). As of 12:01 A.M. Eastern Daylight Time (EDT) on Wednesday, May 5, 2004, the offer to acquire all of the outstanding Notes expired, as scheduled. The aggregate principal amount of Notes validly tendered and not withdrawn in connection with the cash tender offer was (euro) 88,313,000, constituting 93.7% of the Notes outstanding at the commencement of the offer. The aggregate principal amount of Notes validly tendered and not withdrawn on or prior to the early tender date, April 21, 2004 was (euro) 87,263,000, constituting 92.6% of the Notes outstanding at the commencement of the offer. The total purchase price for the shares tendered on or before the early tender date was (euro) 1078.50 per (euro) 1,000 principal amount of Notes, which included a consent payment of (euro) 30.00. The total purchase price for the Notes tendered after the early tender date and on or prior to the expiration date was (euro) 1048.50 per (euro) 1,000 principal amount of Notes. DATASOURCE: CHC Helicopter Corporation CONTACT: Jo Mark Zurel, Senior Vice-President & Chief Financial Officer, 709-570-0567; Chris Flanagan, Director of Communications, 709-570-0749; Derrick Sturge, Vice President Finance & Corporate Secretary, 709-570-0713

Copyright