Bristow announces $75 million tender offer
Bristow Group has announced a cash tender offer to purchase $75 million of its secured notes maturing in 2023. The tender offer to purchase the 8.74% senior secured notes opened yesterday (12 August) and...
Tagged: Bristow
Public large helicopter debt transactions from 2012-2019
The reality of 2019 thus far is that not many people are buying helicopters, and not many helicopter companies are raising money to grow in a market that requires consolidation. A select few companies...
Bristow, “business as usual” and buyouts
Amidst its current Chapter 11 proceedings, Bristow Group has embodied the ‘business as usual’ approach. Within the last week, it has secured new financing from its noteholders and has appointed a new general counsel....
Bristow belatedly releases 10-Q and 10-K updates
After months of delays in filing its final 10-Q and 10-K reports due to suspicions of impropriety, helicopter operator Bristow has finally published its delayed and updated reports claiming nothing was misreported in the...
Bristow signs new offshore contract amidst Chapter 11 proceedings
Amidst the process of Chapter 11 bankruptcy, Bristow has secured a new five-year contract to fly workers to and from BP’s offshore oil rigs in the North Sea. The contract commenced on 13 May...
Comment: Do Bristow and PHI’s woes herald years of uncertainty for O&G operators?
Chess is arguably overused as a metaphor for business strategy, but actually is quite apt for the difficulties oil-and-gas helicopter operators find themselves facing in 2019, and which may continue for years to come....
Bristow pushes 10-Q deadline, considers bankruptcy
Bristow Group has pushed back its 10-Q filing deadline and is considering US Chapter 11 bankruptcy – according to a recent SEC Filing. The offshore helicopter operator has racked up significant debt and...
Bristow gains extension for late Q3 results, avoids loan defaults
Oil-and-gas helicopter operator Bristow Group has managed to secure an extension until 15 April to file its delayed third-quarter results for 31 December 2018. The extra time for Bristow to file came after two...
Comment: Is Bristow as bad as it looks?
Bristow Helicopters is currently under intense market scrutiny stemming from its failure to file its third-quarter results for 31 December 2018 on time. “Material weaknesses” in its internal accounting processes were cited by the...
Bristow announces new CEO and CFO
Under the eyes of corporate law firms investigating Bristow for potential securities fraud, the company has just appointed a new CEO to take the helm during this rocky period. After Baliff announced he was...
