PHI, Inc. – Helicopter Services Company Files Chapter 11 to Avoid Looming Maturity of $500mn in Notes, Cites Downturn in Energy and Medical Markets as Contributing Factors

March 14, 2019 − At 11:45pm (moments before a March 15, 2019 maturity date in respect of $500mn in unsecured senior notes) PGI, Inc. and four affiliated Debtors (“PHI” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number 19-30923. The Company, one…