CHC Helicopter makes announcement.ST. JOHN'S, Newfoundland--(BUSINESS WIRE)--March 25, 1997--CHC Helicopter Corp. (CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :FLY.A and FLY.B)(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FLYAF) announced Tuesday that CHC Maintenance Trust Income Fund, a recently created income trust, has filed an amended and restated preliminary prospectus with securities regulatory authorities with respect to its proposed offering of trust units in Canada. The proceeds of the offering will be used by a subsidiary of the Fund, CHC Maintenance Inc., to purchase CHC Helicopter Corp.'s helicopter repair and overhaul and fixed wing engine repair and overhaul businesses. These businesses are currently carried on by CHC Helicopter Corp. through its ACRO acro Acronym ACRO Australian Creative Resources Online ACRO Association of Clinical Research Organizations ACRO American College of Radiation Oncology ACRO Aircraft Crashes Record Office (Geneva, Switzerland) acro acrolein Aerospace Division in Richmond, British Columbia This page is for the city of Richmond, British Columbia. For the federal electoral district in this locality see Richmond (electoral district); for the provincial electoral district see Richmond (provincial electoral district). and through its wholly-owned subsidiary, Atlantic Turbines Inc., in Summerside, Prince Edward Island Summerside (2006 pop. 14,500[2]) is a Canadian city in Prince County, Prince Edward Island. It is the second largest city in the province and the principal municipality for the western part of the island. . As consideration for the sale of such businesses, CHC Helicopter Corp. will receive cash for approximately 80%, together with equity and debt securities of CHC Maintenance Inc. for the balance. These securities will be exchanged in two years from the closing of the offering for trust units representing approximately 20% of the trust units to be issued at closing of the offering. The sale of CHC Helicopter Corp.'s repair and overhaul businesses to the trust will be conditional upon, among other things, the completion of the offering on terms satisfactory to CHC Helicopter Corp. The proposed sale will permit CHC Helicopter Corp. to realize value from its repair and overhaul businesses while retaining an interest in, and management responsibilities for the businesses. The aggregate issue price will be determined by the negotiation with the underwriters, and will depend, in part, on market conditions. The trust units will not be offered to residents of the United States except pursuant to exemptions available under United States securities legislation. CHC Helicopter Corp. is one of the largest diversified helicopter companies in the world, providing helicopter transportation and aviation repair and overhaul services worldwide. CONTACT: CHC Helicopter Corp. Mark D. Dobbin, Sr. VP, 709/570-0527 or Maxwell Parsons, CFO See Chief Financial Officer. , 709/570-0587 |
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