Less than six months after filing for bankruptcy in May 2019, Bristow Group has successfully emerged from Chapter 11 Bankruptcy protection – having restructured its balance sheet to enable the company to continue operating....
After a tumultuous six months, Bristow Group has been cleared to emerge from Chapter 11 following recent approval from the US Bankruptcy Court. The helicopter operator’s reorganisation plan will see it hand over most...
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...
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...
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 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 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 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...
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...