First Reserve-backed CHC Group prices IPO

CHC Group plans on pricing its IPO of 29,412,000 shares at between $16 and $18 per share. The stock will trade on the New York Stock Exchange under the ticker symbol “HELI.” J.P. Morgan, Barclays and UBS Investment Bank are the lead underwriters. Headquartered in Vancouver, Canada, CHC Group is a commercial operator of helicopters. It is backed by First Reserve Corp.

PRESS RELEASE

Jan. 6, 2014 – New York – 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.
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.
About CHC Group Ltd.
CHC Group Ltd. is a commercial operator of helicopters focused on enabling customers to go further, do more and come home safely. CHC provides helicopter flight services to oil and gas companies and government search-and-rescue agencies, and helicopter maintenance, repair and overhaul services to organizations through the Heli-One segment. The company operates 238 aircraft in about 30 countries around the world.

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