CHC Group Ltd. announces pricing of initial public offering of ordinary shares

CHC Group Ltd. Press Release | January 17, 2014

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CHC Group Ltd., the parent company of CHC Helicopter S.A., announced Jan. 16, the pricing of its initial public offering of 31,000,000 of its ordinary shares, at a price to the public of $10 per share.
The securities are scheduled to begin trading Jan. 17, on the New York Stock Exchange under the symbol “HELI.” CHC expects to use the net proceeds to repay certain CHC Helicopter debt and for general corporate purposes. The offering is expected to close on or about Jan. 23, subject to customary closing conditions.
To the extent that the underwriters sell more than the allotted ordinary shares, the underwriters will have the option to purchase up to an additional 4,650,000 ordinary shares from the company at the IPO price, less underwriting discounts.
J.P. Morgan, Barclays and UBS Investment Bank are serving as the joint book-running managers for the offering. The co-managers are HSBC; RBC Capital Markets; Wells Fargo Securities; BNP Paribas; Standard Bank; Cormark Securities (USA) Limited; Cowen and Company; Raymond James; Simmons & Company International; and Tudor, Pickering, Holt & Co.
A registration statement relating to these securities was filed and declared effective today (Thursday) by the U.S. Securities and Exchange Commission. The registration statement on Form S-1 may be accessed through the SEC’s website at www.sec.gov.

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