Helicopter leases are one thing. Don't forget they still have a massive leasing issue.
The building they operate from are nearly all leased. A good proportion of the remaining Helicopters will still be leased.
Junk Bonds
1.2 Billion in primary debt
150 million in revolving Credit Debt
600 Million at a cost of 8.5% to CD & R
Can CHC still service this debt given the Company is about to become very much smaller than before. I don't believe it can If it can then it will still have a massive PE ratio problem that no future investor will go near.
Last edited by buzz66; 9th Jul 2016 at 04:46.