Bristow Group Inc. announced a private offering of $400 million senior secured notes due 2033.
The notes will be guaranteed by the company's existing and future subsidiaries.
Proceeds from the offering will be used to redeem the 6.875% Senior Secured Notes due 2028.
Offering Details
$400 million aggregate principal amount of senior secured notes due 2033 being offered.
Guarantees
Notes guaranteed by the company's existing material subsidiaries.
Redemption Plan
Net proceeds from the offering will fully redeem the 6.875% Senior Secured Notes due 2028.
- The offering is expected to strengthen Bristow Group's financial position.
- Redemption of the 2028 notes will reduce future interest obligations.
Bristow Group's private offering demonstrates a strategic financial move to optimize its debt structure and enhance liquidity.