StockNews.AI

Bristow Group Announces Private Offering of $400 Million Senior Secured Notes and Satisfaction and Discharge of 6.875% Senior Secured Notes Due 2028

StockNews.AI • 7 hours

HALWEN
High Materiality8/10

Information

HOUSTON, Jan. 13, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) (the "Company" or "Bristow") ...

Original source

AI Summary

Bristow Group is offering $400 million in senior secured notes. Notes will be guaranteed by existing and future subsidiaries. Proceeds will redeem $397 million of existing 2028 Notes. Bristow provides vertical flight solutions for energy and government sectors. The company operates in various international markets, enhancing global reach.

Sentiment Rationale

Bristow's successful note offering may boost liquidity, making it more financially stable. Historical precedents show that debt refinancing can positively influence stock market performance.

Trading Thesis

The immediate effects of securing new financing can enhance market perception and liquidity.

Market-Moving

  • Bristow Group is offering $400 million in senior secured notes.
  • Notes will be guaranteed by existing and future subsidiaries.
  • Proceeds will redeem $397 million of existing 2028 Notes.

Key Facts

  • Bristow Group is offering $400 million in senior secured notes.
  • Notes will be guaranteed by existing and future subsidiaries.
  • Proceeds will redeem $397 million of existing 2028 Notes.
  • Bristow provides vertical flight solutions for energy and government sectors.
  • The company operates in various international markets, enhancing global reach.

Companies Mentioned

  • HAL (HAL)
  • WEN (WEN)

Corporate Developments

The offering directly strengthens Bristow's financial position, impacting its operational capabilities and investor confidence.

Bristow Group (NYSE: VTOL) Launches $400 Million Private Offering of Senior Secured Notes

Bristow Group Inc. (NYSE: VTOL) announced today that it has initiated a private offering of $400 million in senior secured notes, maturing in 2033. This offering is subject to market conditions and other factors and will be made available to qualified purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.

Details of the Offering

The newly issued notes will feature interest payments made semi-annually and will be guaranteed on a senior secured basis by Bristow's existing domestic and certain foreign subsidiaries. These notes will be secured by first-priority liens on collateral, which includes a considerable fleet of approximately 70 helicopters and various other tangible and intangible assets of the Company and its subsidiary guarantors.

  • Principal Amount: $400 million
  • Maturity: 2033
  • Interest Payments: Semi-annually
  • Collateral: Helicopters and related assets

Impact on Existing Debt

Bristow plans to use the net proceeds from this offering to irrevocably deposit with the trustee under the 2028 Notes Indenture. This deposit aims to facilitate the full redemption of its 6.875% Senior Secured Notes due 2028 by March 1, 2026. The move is part of the company’s strategy to enhance its financial position and will lead to the satisfaction and discharge of the 2028 Notes Indenture.

As of September 30, 2025, approximately $397 million of the 2028 Notes remain outstanding. Bristow has already issued a notice of full redemption of the 2028 Notes, contingent on completing this financing transaction.

Regulatory Considerations

The notes are intended for qualified institutional buyers in the U.S. under Rule 144A and for non-U.S. purchasers under Regulation S. The offering has not been registered under the Securities Act and is subject to restrictions barring sale in the U.S. without proper registration or exemptions.

About Bristow Group

Bristow Group Inc. is a leading provider of innovative vertical flight solutions. The company primarily serves offshore energy and government sectors, providing services such as personnel transportation, search and rescue (SAR), medevac, and fixed-wing transportation. Bristow operates across multiple locations, serving clients in various countries including the U.S., Canada, Australia, and the UK.

Forward-Looking Statements

This announcement contains forward-looking statements regarding Bristow Group’s future financial performance and business strategies. These statements involve risks and uncertainties, and actual results may differ materially from those anticipated. Investors should not place undue reliance on forward-looking statements and should consider the factors discussed in the company's filings with the Securities and Exchange Commission.

Related News