secwatch.observer — SEC 8-K summary
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Issuer:     Bristow Group Inc. (VTOL)
CIK:        0001525221
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001193125-24-014296
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525221/000119312524014296/0001193125-24-014296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525221/000119312524014296/d738038d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-014296

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