Bristow Group Inc. (VTOL): debt financing — Bristow subsidiaries borrow GBP 137.7M in new term loans, repay prior facilities

Bristow Group Inc.

U.S. Borrower drew GBP 70M senior secured term loan under new NatWest facility on Jan 27, 2023.
U.K. Borrower drew GBP 67.7M under new NatWest facility; no commitments remain.
Prior $109.9M U.S. facility and $90.1M U.K. facility from Lombard North Central repaid and terminated.
All collateral and security interests from prior facilities released.

item 1.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bristow Group Inc. incurred term loan of GBP 70,000,000 with National Westminster Bank Plc.

Instrument: term loan
Principal: GBP 70,000,000
Counterparty: National Westminster Bank Plc
Event: incurrence

Exact text from the filing

On January 27, 2023 the Utilisation Date (as defined in the U.S. Facility Agreement) occurred under the U.S. Facility Agreement, and the U.S. Borrower borrowed the full GBP 70,000,000 available thereunder.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bristow Group Inc. incurred term loan of GBP 67,688,418 with National Westminster Bank Plc.

Instrument: term loan
Principal: GBP 67,688,418
Counterparty: National Westminster Bank Plc
Event: incurrence

Exact text from the filing

On January 27, 2023 the Utilisation Date (as defined in the U.K. Facility Agreement) occurred under the U.K. Facility Agreement, and the U.K. Borrower borrowed an amount equal to GBP 67,688,418 and no commitments remain outstanding under the U.K. Facility Agreement.

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Bristow Group Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-018257

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