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Bristow Group Announces Closing of $500 Million Senior Secured Notes Offering and Extension of ABL Facility
Prnewswire· 2026-01-26 23:43
HOUSTON, Jan. 26, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) (the "Company" or "Bristow") announced today the closing of its private offering of $500 million aggregate principal amount of 6.750% senior secured notes due 2033 (the "notes") and the amendment and extension of its asset-based revolving credit facility (the "ABL Facility") until 2031. The notes were issued under an indenture, dated January 26, 2026, among the Company, the subsidiary guarantors party thereto and U.S. Bank Trust Company ...
5 Stocks In The Spotlight: Wall Street's Most Accurate Analysts Weigh In - Freeport-McMoRan (NYSE:FCX), HP (NYSE:HPQ)
Benzinga· 2026-01-26 11:01
U.S. stocks settled mixed on Friday, with the Dow Jones index falling more than 250 points during the session. Stocks also recorded losses last week, with the 30-stock Dow losing 0.5% and the S&P 500 falling about 0.4%.The Dow Jones closed lower by around 285 points to 49,098.71 on Friday. The S&P 500 rose 0.03% to 6,915.61, while the Nasdaq Composite gained 0.28% at 23,501.24 during Friday's session.Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts ha ...
Bristow Signs Launch Agreement with Electra to Secure First Delivery Slot for EL9 Aircraft
Prnewswire· 2026-01-21 13:00
MANASSAS, Va. and HOUSTON, Jan. 21, 2026 /PRNewswire/ -- Electra.aero, Inc. (Electra), the aerospace company pioneering Direct Aviation, and Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, signed a Pre-Delivery Payment (PDP) deposit agreement with binding terms and conditions aligned to the commercial aviation industry standard, subject to aircraft certification, securing the first delivery slot for Electra's EL9 Ultra Short hybrid-electric aircraf ...
Bristow Group Announces Pricing of $500 Million Senior Secured Notes in an Upsized Private Offering
Prnewswire· 2026-01-15 01:48
Core Viewpoint - Bristow Group Inc. has announced a private offering of $500 million in senior secured notes with a 6.75% interest rate, maturing in 2033, to eligible purchasers under specific regulations [1][2]. Group 1: Offering Details - The notes will mature on February 1, 2033, and will be issued at par, paying interest semi-annually [2]. - The offering is fully guaranteed by the company's existing material, wholly owned domestic subsidiaries and certain foreign subsidiaries, along with future subsidiaries [2]. - The notes will be secured by first-priority liens on collateral, including approximately 119 pledged aircraft and other tangible and intangible assets of the company and subsidiary guarantors [2]. Group 2: Use of Proceeds - A portion of the net proceeds will be deposited to redeem the company's 6.875% Senior Secured Notes due 2028 in full on March 1, 2026, and to cover related payments [3]. - Remaining net proceeds from the offering will be used for general corporate purposes [3]. Group 3: Regulatory Information - The notes are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, without registration under the Securities Act [4]. - The offering does not constitute an offer to sell or a solicitation of an offer to purchase the notes in jurisdictions where such actions would be unlawful [5]. Group 4: Company Overview - Bristow Group Inc. is a leading global provider of vertical flight solutions, primarily serving offshore energy companies and government entities [7]. - The company's services include personnel transportation, search and rescue, medevac, and fixed-wing transportation, with operations in various countries including Australia, Brazil, Canada, and the United States [8].
Bristow Group Announces Private Offering of $400 Million Senior Secured Notes and Satisfaction and Discharge of 6.875% Senior Secured Notes Due 2028
Prnewswire· 2026-01-13 14:15
HOUSTON, Jan. 13, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) (the "Company" or "Bristow") announced today that it has commenced, subject to market conditions and other factors, a private offering of $400 million aggregate principal amount of senior secured notes due 2033 (the "notes") to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The notes are expected to pay interest semi-annually and will be fully and unconditi ...
PteroDynamics and AV Demonstrate Integrated EW Capabilities on Transwing® VTOL UAS at U.S. Navy Silent Swarm 25 Exercise
Businesswire· 2025-12-16 14:10
ALPENA, Mich.--(BUSINESS WIRE)---- $AVAV--PteroDynamics, an innovator in autonomous vertical takeoff and landing (VTOL) aircraft systems, and AeroVironment, Inc. ("AV†) (NASDAQ: AVAV), a leading provider of Electronic Warfare (EW) capabilities, recently collaborated for a joint technology demonstration at Silent Swarm 25, hosted by the Naval Surface Warfare Center (NSWC) Crane Division at the Alpena Combat Readiness Training Center in Alpena, Michigan. The companies integrated multiple industry-leading E. ...
Vertical Aerospace to Launch UK's First Electric Air Taxi Network with Skyports Infrastructure and Bristow
Businesswire· 2025-12-10 00:05
Core Viewpoint - Vertical Aerospace, in collaboration with Skyports Infrastructure and Bristow Group, is set to launch the UK's first electric air-taxi routes connecting Canary Wharf with major transport hubs [1] Group 1: Company Initiatives - The proposed air-taxi routes will include connections to Heathrow, Gatwick, Cambridge, and Oxford from Canary Wharf [1] - Vertical Aerospace will utilize its leading aircraft technology in this initiative [1] Group 2: Partnerships - The collaboration involves Skyports providing infrastructure through its London Heliport, Bicester Vertiport, and future UK skyport network [1] - Bristow Group's involvement indicates a strategic partnership in the operational aspect of the air-taxi service [1]
Archer and Karem Aircraft Announce Exclusive Collaboration to Utilize Military-Grade Rotor Technology on Archer's Next-Generation Dual-Use VTOL Aircraft
Businesswire· 2025-12-02 13:30
Core Viewpoint - Archer Aviation Inc. has announced an exclusive collaboration with Karem Aircraft to integrate advanced rotor and tiltrotor technologies into its next-generation autonomous, hybrid-propulsion VTOL aircraft, enhancing its development strategy [1] Group 1: Collaboration Details - The collaboration provides Archer access to key aspects of Karem's military-grade technologies, which are crucial for the development of dual-use vertical lift platforms [1] Group 2: Strategic Implications - This partnership is a significant addition to Archer's strategy as it accelerates the development of its VTOL aircraft, indicating a strong focus on innovation and technological advancement in the aerospace sector [1]
Barrick shares surge as it resolves dispute with Mali
MINING.COM· 2025-11-24 17:25
Loulo-Gounkoto gold mining complex. Credit: Barrick Barrick Mining (NYSE: B; TSX: ABX) says it has reached an agreement with Mali’s government to end their dispute, removing uncertainty surrounding the operation of its Loulo-Gounkoto complex in the African nation. Its stock surged.In a press release Monday, the Toronto-based gold miner confirmed that the Malian state has dropped all charges against the company and its affiliates and return operational control of Loulo-Gounkoto to Barrick. The government wil ...
Bristow Group: Some Offshore Energy Headwinds But Still A Buy (NYSE:VTOL)
Seeking Alpha· 2025-11-24 04:10
Core Insights - The analyst team has demonstrated a strong track record, achieving an annualized return of almost 40% over the past decade with a long-only model portfolio return exceeding 23 times [1] Group 1: Investment Focus - The company offers income-focused investment options for those preferring lower-risk firms with consistent dividend payouts [1] - The research covers various sectors including energy, shipping, and offshore markets, indicating a broad investment strategy [1] Group 2: Analyst Background - The analyst has extensive experience in trading, primarily focusing on tech stocks, and has recently expanded coverage to offshore drilling, supply, and shipping industries [2] - The analyst has a background in auditing with PricewaterhouseCoopers and has navigated significant market events such as the dotcom bubble and the subprime crisis [2]