CHC Helicopter Corporation upsizes receivables securitization

CHC Helicopter has increased an existing receivables securitization with Nord LB from $55 million to $75 million. The helicopter operator has sold future cashflows into a NordLB commercial paper conduit.

Finacity Corporation, a specialist securitization boutique, arranged the deal.

The original facility used European receivables it now also includes Australian cashflows.

Financity arranged the first securitization in 2009 selling $40 million in recievables to NordLB’s Hannover Funding Company LLC commercial paper conduit. In February 1, 2010 the facility was raised to $55 million.

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: or follow him on twitter @Terry_Spruce

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