Bristow Group Announces Closing of $500 Million Senior Secured Notes Offering and Extension of ABL Facility

Core Viewpoint - Bristow Group Inc. successfully closed a private offering of $500 million in senior secured notes and amended its asset-based revolving credit facility, enhancing its financial position and operational flexibility [1][2]. Financing Details - The company issued $500 million of 6.750% senior secured notes due 2033 and amended its asset-based revolving credit facility, extending its maturity to 2031 [1][5]. - A portion of the proceeds from the notes was used to satisfy approximately $397 million of outstanding 6.875% Senior Secured Notes due 2028, resulting in the release of liens securing those notes [2]. Credit Facility Amendments - The amendment to the ABL Facility reduced total commitments from $85 million to $70 million, with the option to increase commitments up to $105 million [5]. Company Overview - Bristow Group is a leading global provider of vertical flight solutions, primarily serving offshore energy companies and government entities with services such as personnel transportation, search and rescue, and medevac [6]. - The company operates in three segments: Offshore Energy Services, Government Services, and Other Services, with a diverse customer base across multiple countries [6][7].