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: Don Miller
Bristow finalizes $385 million debt for equity swap
Bristow, the helicopter operator currently in Chapter 11 protection, has entered into a backstop commitment agreement with several of its noteholders for a $385 million debt to equity swap. This is the latest step...
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 files for Chapter 11
Bristow Group voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas on 11 May. The oil-and-gas helicopter operator says it intends to use the proceedings to restructure...
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...
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...
