Bristow Group closes €100M UKEF-backed debt facility for SAR helicopter fleet

Bristow Group Inc.

Facility of up to €100M with 80% guaranteed by UK Export Finance (UKEF).
Proceeds to fund five new AW189 helicopters for Irish Coast Guard SAR contract.
Interest rate EURIBOR + 1.95% per annum; two-year availability then five-year term.
Debt secured by the helicopters; NatWest is original lender.
Total pro forma debt of $735M including this facility and existing notes.

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