Key Developments: PHI Inc (PHIIK.OQ)

PHIIK.OQ on NASDAQ Stock Exchange Global Select Market

44.00USD
15 Apr 2014
Price Change (% chg)

$0.12 (+0.27%)
Prev Close
$43.88
Open
$44.19
Day's High
$44.19
Day's Low
$43.31
Volume
11,329
Avg. Vol
9,331
52-wk High
$45.64
52-wk Low
$25.10

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Latest Key Developments (Source: Significant Developments)

PHI Inc prices $500 mln senior notes due 2019
Thursday, 6 Mar 2014 12:36pm EST 

PHI Inc:Sells $500 mln of newly-issued unsecured five-year senior notes.Notes priced at par with a coupon rate of 5.25 pct.Offering is expected to close on Mar. 17.Intends to use a portion of the net proceeds from the offering to fund its pending tender offer and consent solicitation for all $300 mln aggregate principal amount of 8.625pct Senior Notes due 2018 and redemption of any of the 2018 Notes not purchased in the tender offer.Intends to use the remaining net proceeds to repay all outstanding indebtedness under PHI's revolving credit facility and for other general corporate purposes.  Full Article

PHI Inc announces private offering of senior notes
Wednesday, 5 Mar 2014 07:20am EST 

PHI Inc:Intends to offer up to $500 mln aggregate principal amount of fixed-rate senior notes with a five-year maturity through a private offering.PHI has not yet entered into definitive purchase agreement with respect to offering.PHI intends to use remaining net proceeds to repay all outstanding indebtedness under PHI's revolving credit facility.For other general corporate purposes, including the purchase of aircraft.  Full Article

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