Bristow Group to raise $400M debt capital

posted on 8th February 2021 by Eddie Saunders
Bristow Group to raise $400M debt capital

Bristow Group Inc. 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 2028 to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

The notes are expected to pay interest semi-annually and will be fully and unconditionally guaranteed, jointly and severally, on a senior secured basis, by the Company’s existing material wholly owned domestic subsidiaries and certain existing material wholly owned foreign subsidiaries, as well as certain future subsidiaries.