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ABS

CHC Upsizes Trade Receivable Securitization

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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.

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