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CHC commences public offering of ordinary shares

Jan. 6, 2014, New York, N.Y. - CHC Group Ltd., the parent company of CHC Helicopter S.A., today announced that it has commenced an initial public offering of 29,412,000 of its ordinary shares, all of which will be offered by the company.


January 6, 2014
By Carey Fredericks

The IPO price is currently expected to be between $16 and $18 per share. 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 4,411,800 ordinary shares from the company at the IPO price, less underwriting discounts.

The ordinary shares have been approved for listing on the New York Stock Exchange and, subject to the completion of the offering and compliance with certain conditions, will be traded under the symbol "HELI." CHC expects to use the proceeds to repay certain CHC Helicopter debt and for general corporate purposes.

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; Comark Securities (USA) Limited; Cowen and Company; Raymond James; Simmons & Company International; and Tudor, Pickering, Holt & Co.

The offering will be made only by means of a prospectus. A preliminary prospectus for the offering, when available, may be obtained from:

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J.P. Morgan                                                                
c/o Broadridge Financial Solutions                                         
1155 Long Island Ave.                                                      
Edgewood, NY 11717                                                         
1 866-803-9204                                                             
                                                                           
Barclays                                                                   
c/o Broadridge Financial Solutions                                         
1155 Long Island Ave.                                                      
Edgewood, NY 11717                                                         
1 888-603-5847                                                             
barclaysprospectus@broadridge.com.                                         
                                                                           
UBS Investment Bank                                                        
Attn: Prospectus Dept.                                                     
299 Park Ave.                                                              
New York, NY 10171                                                         
1 888-827-7275
 
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.


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