debt
confidence high
sentiment neutral
materiality 0.70
Bristow launches $400M senior secured notes due 2033 to refinance 2028 notes
Bristow Group Inc.
- Offering of $400M aggregate principal amount of senior secured notes due 2033 in a private placement.
- Net proceeds to redeem all outstanding 6.875% Senior Secured Notes due 2028 ($397M outstanding).
- New notes secured by first-priority liens on helicopters and related assets, including ~70 pledged aircraft.
- Offering exempt from registration under Rule 144A and Regulation S; not registered under Securities Act.