CHC Helicopter Corp. has increased an existing trade receivable securitization to $75 billion from $55 billion.
The upsized program involves the addition of Australian receivables combined with European receivables.
The transaction is managed by Finacity Corp. and Norddeutsche Landesbank Girozentrale (NORD/LB).
CHC Helicopter offers skilled, secure transportation to offshore oil and gas platforms and other sea-based installations, civilian search-and-rescue services, and helicopter maintenance repair and overhaul.
The company is headquartered in Vancouver, B.C., Canada, and operates over 250 aircraft in 30 countries worldwide.
