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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
X Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of Earliest Event Reported) : January 28, 1998
Offshore Logistics, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 0-5232 72-0679819
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
224 Rue de Jean
P. O. Box 5C, Lafayette, Louisiana 70505
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (318) 233-1221
N/A
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(Former name, former address and former fiscal year, if changed since last
report)
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Item 5. Other Events
On January 28, 1998, Offshore Logistics, Inc., a Delaware
corporation ("OLOG"), announced that it had completed the sale of
$100 million aggregate principal amount of 7.875% Senior Notes due
2008 discounted to yield 7.915%. The issuance was made by means of
an offering memorandum to institutional investors pursuant to Rule
144A and other provisions of the Securities Act of 1933. A copy of
the press release issued by OLOG is attached as Exhibit 99.1 to
this Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release, dated January 28, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OFFSHORE LOGISTICS, INC.
BY: /s/ Drury A. Milke
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DRURY A. MILKE
Vice President and C.F.O.
DATE: February 5, 1998
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EXHIBIT 99.1
PRESS RELEASE
OFFSHORE LOGISTICS, INC.
COMPLETES PRIVATE DEBT OFFERING
LAFAYETTE, LOUISIANA (January 28, 1998) - Offshore Logistics, Inc. (NASDAQ:
OLOG) today announced that it has completed the sale of $100 million aggregate
principal amount of 7.875% Senior Notes due 2008 discounted to yield 7.915%.
The issuance was made by means of an offering memorandum to
institutional investors pursuant to Rule 144A and other provisions of the
Securities Act of 1933. Proceeds from the offering will be used to repay certain
of the Company's existing indebtedness and for general corporate purposes,
including working capital.
The Senior Notes issued by Offshore Logistics, Inc. have not been
registered under the Securities Act of 1933, as amended, and may not be offered
or sold in the United States absent such registration or an application
exemption from the registration requirements.
Offshore Logistics, Inc. provides helicopter transportation
services to the offshore oil and gas exploration and production industry.
For further information contact:
Dru Milke
Chief Financial Officer
Offshore Logistics, Inc.
P.O. Box 5-C
Lafayette, Louisiana 70505
(318-233-1221)
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