HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 14.Jan.2026, Words: 329) — Bristow Group Inc. priced an upsized private offering of $500mn aggregate principal amount of 6.75% senior secured notes due 2033 to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.
Closing of the offering is expected to occur on 26 Jan. 2026 and is subject to the satisfaction of customary closing conditions.
The notes will mature on 1 Feb. 2033 and will be issued at par., Bristow announced on 14 Jan. 2026 in an official statement.
The notes will pay interest semi-annually and will be fully and unconditionally guaranteed, jointly and severally, on a senior secured basis, by the company’s existing material, wholly owned domestic subsidiaries and certain existing material, foreign subsidiaries, as well as certain future subsidiaries. The notes will be secured by first-priority liens, subject to limited exceptions, on collateral that will consist of certain helicopters and related assets, together with substantially all of the other tangible and intangible property assets of the Company and the subsidiary guarantors (other than certain excluded assets), including approximately 119 pledged aircraft.
Bristow said it will irrevocably deposit a portion of the net proceeds from the offering with the trustee under the indenture (the “2028 Notes Indenture”) governing its 6.875% senior secured notes due 2028 in an amount sufficient to redeem the 2028 notes in full on 1 Mar. 2026 and fund the payment of the principal, premium and interest to, but not including, such redemption date and all other sums payable under the 2028 notes indenture with respect to the 2028 notes.
As a result (and at the time) of such deposit, the 2028 notes indenture will be satisfied and discharged in accordance with its terms with respect to the 2028 notes. Bristol said it intends to use any remaining net proceeds from the offering for general corporate purposes.
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By Isaac Silvestre reporting from Houston. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.
