---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-014296"
form_type: "8-K"
ticker: "VTOL"
cik: "0001525221"
company_name: "Bristow Group Inc."
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:14:34.233120+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bristow enters £55M secured term loan facility to fund UK SAR2G contract

## Summary
- Up to £55M senior secured term loan with NatWest-led syndicate; SONIA + 2.75% interest.
- Proceeds to support capital commitments for UKSAR2G contract with UK Department for Transport.
- 12-year maturity (March 2036), secured by four new AW139 SAR helicopters.
- Amends existing BALL (£75M) and BULL (£70M) facilities to include cross-guarantees with BHL.
- Availability period 15 months; expected to fund during 2024 subject to helicopter deliveries.

## SEC filing metadata
- accession: 0001193125-24-014296
- form_type: 8-K
- ticker: VTOL
- cik: 0001525221
- company_name: Bristow Group Inc.
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1525221/000119312524014296/0001193125-24-014296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1525221/000119312524014296/d738038d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-014296
- JSON: https://secwatch.observer/filing/0001193125-24-014296.json
- Plain text: https://secwatch.observer/filing/0001193125-24-014296.txt

## Key facts
- Debt Financings
  Bristow Group Inc. incurred term loan of GBP 55,000,000 with National Westminster Bank Plc at Sterling Overnight Index Average plus 2.75% per annum maturing March 31, 2036.
  - Instrument: term loan
  - Principal: GBP 55,000,000
  - Counterparty: National Westminster Bank Plc
  - Rate: Sterling Overnight Index Average plus 2.75% per annum
  - Maturity: March 31, 2036
  - Event: incurrence
  source text: On January 24, 2024 (the “ Facility Agreement Signing Date ”), Bristow Helicopters Limited (“ BHL ”), a subsidiary of Bristow Group Inc. (the “ Company ”), entered into a Facility Agreement (the “ BHL Facility Agreement ”) among BHL, as borrower, the lenders from time to time party thereto and National Westminster Bank Plc, as arranger, agent and security trustee, pursuant to which the lenders have agreed to provide commitments in respect of a senior secured term loan facility in an aggregate principal amount of up to GBP 55,000,000 (the “ BHL Term Loan Facility ” and the term loans thereunder, collectively the “ BHL Term Loan ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525221/000119312524014296/0001193125-24-014296-index.htm
- Material Agreements
  Bristow Group Inc. entered into BHL Facility Agreement with National Westminster Bank Plc valued at GBP 55,000,000 senior secured term loan facility (effective 2024-01-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: National Westminster Bank Plc
  - Value: GBP 55,000,000 senior secured term loan facility
  - Effective: 2024-01-24
  source text: On January 24, 2024 (the “ Facility Agreement Signing Date ”), Bristow Helicopters Limited (“ BHL ”), a subsidiary of Bristow Group Inc. (the “ Company ”), entered into a Facility Agreement (the “ BHL Facility Agreement ”) among BHL, as borrower, the lenders from time to time party thereto and National Westminster Bank Plc, as arranger, agent and security trustee, pursuant to which the lenders have agreed to provide commitments in respect of a senior secured term loan facility in an aggregate principal amount of up to GBP 55,000,000 (the “ BHL Term Loan Facility ” and the term loans thereunder, collectively the “ BHL Term Loan ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525221/000119312524014296/0001193125-24-014296-index.htm
- Material Agreements
  Bristow Group Inc. amended BALL Amendment with National Westminster Bank Plc valued at amendment to existing GBP 75,000,000 facility agreement (effective 2024-01-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: National Westminster Bank Plc
  - Value: amendment to existing GBP 75,000,000 facility agreement
  - Effective: 2024-01-24
  source text: On the Facility Agreement Signing Date, BALL entered into a Deed of Amendment and Restatement (the “BALL Amendment”) among BALL, as borrower, the Company as parent guarantor, BULL, BHL, the banks and financial institutions party thereto and National Westminster Bank Plc, pursuant to which the parties thereto agreed to amend and restate the Existing BALL Facility Agreement (as amended by the BALL Amendment, the “Amended BALL Facility Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525221/000119312524014296/0001193125-24-014296-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.