8-K
filed January 27, 2026, 6:59 PM ET
ticker VTOL
CIK 0001525221
debt
confidence high
sentiment positive
materiality 0.70
Bristow closes $500M 6.750% senior secured notes due 2033; redeems $397M of 2028 notes; extends ABL to 2031
Bristow Group Inc.
- Issued $500M aggregate principal of 6.750% senior secured notes due Feb 1, 2033 via private placement.
- Net proceeds used to satisfy and discharge outstanding $397M 6.875% Senior Secured Notes due 2028 and for general corporate purposes.
- ABL facility amended: maturity extended to Jan 26, 2031; commitments reduced from $85M to $70M (can increase to $105M).
- ABL applicable margins reduced by 25 bps; first-out tranche margin now 1.25%-1.75%, last-in/last-out at 3%.
- President & CEO Chris Bradshaw says financing strengthens financial position and provides strategic flexibility.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
Bristow Group Inc. incurred senior notes of $500,000,000 with Eligible purchasers pursuant to Rule 144A and Regulation S at 6.750% maturing February 1, 2033.
- Instrument
- senior notes
- Principal
- $500,000,000
- Counterparty
- Eligible purchasers pursuant to Rule 144A and Regulation S
- Rate
- 6.750%
- Maturity
- February 1, 2033
- Event
- incurrence
Exact text from the filing
(the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and as collateral agent, pursuant to which the Company issued $500,000,000 aggregate principal amount of its 6.750% Senior Secured Notes due 2033 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers pursuant to Rule 144A and
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
Bristow Group Inc. amended revolving credit of $70 million (reduced from $85 million; expandable to $105 million) with Barclays Bank PLC as agent and security agent at Reduced applicable margin by 25 basis points; eliminated 0.10% credit spread adj maturing January 26, 2031.
- Instrument
- revolving credit
- Principal
- $70 million (reduced from $85 million; expandable to $105 million)
- Counterparty
- Barclays Bank PLC as agent and security agent
- Rate
- Reduced applicable margin by 25 basis points; eliminated 0.10% credit spread adj
- Maturity
- January 26, 2031
- Event
- amendment
Exact text from the filing
and grantors of collateral, (iii) designated Bristow Ireland Limited as a guarantor and grantor of collateral, (iv) reduced the total commitments under the ABL Facility from $85 million to $70 million, consisting of a $65 million first-out tranche and a $5 million last-in/last-out tranche, (v) subject to certain terms and conditions set out therein, permitted an
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Bristow Group Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 aggregate principal amount of 6.750% Senior Secured Notes due 2033 (effective 2026-01-26).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $500,000,000 aggregate principal amount of 6.750% Senior Secured Notes due 2033
- Effective
- 2026-01-26
Exact text from the filing
On January 26, 2026, Bristow Group Inc. (the “Company”) and its subsidiaries Bristow Holdings U.S. Inc., Bristow Holdings America Inc., BHNA Holdings Inc., Bristow Helicopters Inc., Bristow U.S. Leasing LLC, Era Aeróleo LLC, Aeróleo Internacional, LLC, Bristow LLC, Era Leasing LLC, Bristow U.S. LLC, Bristow Cayman Ltd., BriLog Leasing Ltd., Bristow Equipment Leasing Ltd., Bristow Canadian Real Estate Company Inc., Bristow Canada Holdings Inc., Bristow Helicopters Limited and Bristow Aircraft Leasing Limited (collectively, the “Guarantors”) entered into an Indenture (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and as collateral agent, pursuant to which the Company issued $500,000,000 aggregate principal amount of its 6.750% Senior Secured Notes due 2033 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “S
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Bristow Group Inc. amended ABL Facilities Agreement with Barclays Bank PLC valued at Amended and restated ABL Facility with total commitments reduced from $85 million to $70 million (effective 2026-01-26).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC
- Value
- Amended and restated ABL Facility with total commitments reduced from $85 million to $70 million
- Effective
- 2026-01-26
Exact text from the filing
On January 26, 2026, the Company entered into a Deed of Amendment and Restatement, Accession, Resignation and Confirmation, dated January 26, 2026 (the “ABL Amendment”), among the Company as parent and guarantor, Bristow Helicopters Limited and Bristow LLC as borrowers, guarantors and security obligors, Bristow Norway AS and Bristow U.S. LLC as resigning borrowers, Bristow Ireland Limited as acceding guarantor, and Barclays Bank PLC as agent and security agent.
View on SEC.gov
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