CHC Helicopter Corporation sells receivables to commercial paper conduit

CHC Helicopter will raise up to $40 million by selling future cash flows to a Nord LB securitization conduit.

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

 “CHC Helicopter is very pleased to have worked with Finacity and Nord LB to implement a cost-efficient and creative source of incremental liquidity,” said John Hanbury, corporate treasurer at CHC Helicopter.

The receivables will be sold to Nord LB’s s Hannover Funding Company LLC commercial paper conduit.