CHC Group Sets NYSE IPO Price at $10 a Share

CHC Group Ltd., the parent company of CHC Helicopter S.A., announced 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 today, Friday, 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 yesterday by the U.S. Securities and Exchange Commission.

Press Release, January 17, 2014

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