Bristow Group Announces Redemption of its 7 1/2% Senior Notes due 2017
HOUSTON, Oct. 31, 2012
HOUSTON, Oct. 31, 2012 /PRNewswire/ -- Bristow Group Inc. (NYSE: BRS), a
leading provider of helicopter services to the worldwide offshore energy
industry, announced today that it had called its outstanding 7½% Senior Notes
due 2017 for redemption on October 31, 2012. The face value of the notes is
$11.9 million, and the cost to redeem the notes is expected to be
approximately $12.3 million. The redemption price will be 103.750% of the
principal amount thereof plus any accrued and unpaid interest to the
redemption date. Bristow plans to use proceeds from its offering of $450
million aggregate principal amount of 6¼% Senior Notes due 2022 to fund the
ABOUT BRISTOW GROUP INC.
Bristow Group Inc. is the leading provider of helicopter services to the
worldwide offshore energy industry based on the number of aircraft operated
and one of two helicopter service providers to the offshore energy industry
with global operations. Bristow has major transportation operations in the
North Sea, Nigeria and the U.S. Gulf of Mexico, and in most of the other major
offshore oil and gas producing regions of the world, including Alaska,
Australia, Brazil, Canada, Russia and Trinidad. For more information, visit
Bristow's website at www.bristowgroup.com.
This press release contains certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Our
forward-looking statements reflect our views and assumptions on the date of
this press release regarding future events. They involve known and unknown
risks, uncertainties and other factors, many of which may be beyond our
control, that may cause actual results to differ materially from any future
results, performance or achievements expressed or implied by the
forward-looking statements. These risks, uncertainties and other factors
include statements discussed under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in our Annual Report on Form 10-K for the fiscal year-ended March
31, 2012 and our Quarterly Report on Form 10-Q for the quarter ended June 30,
2012. We do not undertake any obligation, other than as required by law, to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Bristow Group Inc.
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