Bristow Group closes $500 million senior secured notes offering, extends ABL facility to 2031
Bristow Group issued $500 million of 6.750% senior secured notes due 2033 and extended its asset-based revolving credit facility to January 26, 2031. Proceeds were used to fund the satisfaction and discharge of its 6.875% notes due 2028, which had about $397 million outstanding, and the remaining proceeds are for general corporate purposes.
Key points
- $500 million of 6.750% senior secured notes due February 1, 2033, secured by helicopters and substantially all other company and guarantor assets
- ABL facility maturity extended to January 26, 2031, with total commitments reduced from $85 million to $70 million and an option to increase to $105 million
- About $397 million of 6.875% notes due 2028 were discharged, with liens released and redemption set for March 1, 2026
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.