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. http://www.verticalmag.com/press-releases/chc-group-announces-450-million-commitments-recapitalize-company/
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CHC GROUP ANNOUNCES $450 MILLION IN COMMITMENTS TO RECAPITALIZE THE COMPANY
CHC Group has announced that it has entered into a plan support agreement (PSA) with respect to the terms of a Chapter 11 plan of reorganization. The PSA contemplates a comprehensive recapitalization of the company that will provide $300 million in new capital from its existing creditors, as well as terms for restructured aircraft leases and additional asset based financing commitments of $150 million from its largest lessor and its affiliates. READ MORE