Exit credit facility of over US$300 million to CHC Group

Ogier Cayman has acted in a major asset finance deal by advising HSBC Bank plc as administrative agent and collateral agent for the senior lenders in connection with the provision of an exit credit facility of over US$300 million to the CHC Group on following completion of the Group’s financial restructuring and exit from Chapter 11 bankruptcy proceedings.

CHC Group provides international helicopter services offering offshore transportation to the oil-and-gas industry, flying search-and-rescue and emergency medical missions.

The Ogier team worked alongside lead counsel Norton Rose Fulbright, advising HSBC on all matters of Cayman Islands law and in particular, the comprehensive security package provided by the CHC Group in favour of HSBC.

In addition, Ogier advised HSBC on the grant of international interests in respect of aircraft following the recent introduction of the Cape Town Convention into domestic Cayman Islands law.

Ogier advised HSBC with a team including James Heinicke (Picture), Mark Santangeli and associates Tommy Tuohy and Ridhiima Kapoor

 

Involved fees earner: James Heinicke – Ogier LLP; Mark Santangeli – Ogier LLP; Ridhiima Kapoor – Ogier LLP; Tommy Tuohy – Ogier LLP;

Law Firms: Ogier LLP;

Clients: Hsbc Bank plc;

 

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Author: Ambrogio Visconti.