Bristow Group Inc. Enters Material Definitive Agreement

TL;DR

Bristow Group Inc. just signed a big deal, likely involving debt or a new financial obligation.

AI Summary

On April 16, 2024, Bristow Group Inc. entered into a material definitive agreement related to a financial obligation. The company, formerly known as Era Group Inc., is headquartered in Houston, Texas, and operates in the air transportation sector.

Why It Matters

This filing indicates a significant financial commitment or obligation for Bristow Group Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce financial risks and operational changes for the company.

Key Players & Entities

• Bristow Group Inc. (company) — Registrant
• April 16, 2024 (date) — Date of earliest event reported
• Era Group Inc. (company) — Former Name
• Houston, Texas (location) — Principal Executive Offices
• 713-267-7600 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — hange on which registered Common Stock $0.01 par value VTOL NYSE Item 1.01 Entry i

Filing Documents

• vtol-20240416.htm (8-K) — 38KB
• 0001525221-24-000017.txt ( ) — 183KB
• vtol-20240416.xsd (EX-101.SCH) — 2KB
• vtol-20240416_def.xml (EX-101.DEF) — 13KB
• vtol-20240416_lab.xml (EX-101.LAB) — 24KB
• vtol-20240416_pre.xml (EX-101.PRE) — 14KB
• vtol-20240416_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. The information set forth in Item 2.03 below is incorporated by reference into this Item 1.01.

03 Creation of a Direct Financial Obligation

Item 2.03 Creation of a Direct Financial Obligation. BALL Facility Amendment Effectiveness As previously disclosed, on January 24, 2024 (the " Facility Agreement Signing Date "), Bristow Aircraft Leasing Limited (" BALL ") entered into a Deed of Amendment and Restatement (the " BALL Amendment ") among BALL, as borrower, Bristow Group Inc. (the " Company "), as parent guarantor, Bristow U.S. Leasing LLC (" BULL "), Bristow Helicopters Limited (" BHL "), the banks and financial institutions party thereto and National Westminster Bank Plc, pursuant to which the parties thereto agreed to amend and restate that certain Facility Agreement, dated as of January 10, 2023, among BALL, as borrower, the lenders from time to time party thereto and National Westminster Bank Plc, as arranger, agent and security trustee (the " Existing BALL Facility Agreement " and, as amended by the BALL Amendment, the " Amended BALL Facility Agreement "). The BALL Amendment was entered into in order to, among other things, amend and restate the Existing BALL Facility Agreement to include changes to reflect that BALL will be providing a guarantee of the commitments in respect of a senior secured term loan facility in an aggregate principal amount of up to pound sterling (" GBP ") 55 million (the " BHL Term Loan Facility " and the term loans thereunder, collectively the " BHL Term Loan ") and that BHL will be providing a guarantee of the term loan under the Amended BALL Facility Agreement. On April 16, 2024, the conditions precedent in Part A of Schedule 1 of the BALL Amendment were satisfied and the BALL Amendment became effective. The foregoing description of the BALL Amendment does not purport to be complete and is qualified in its entirety by reference to the BALL Amendment, a copy of which was attached as Exhibit 10.2 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the " SEC ") on January 24, 2024. BULL Facility Amendment Effectivene

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRISTOW GROUP INC. Date: April 16, 2024 By: /s/ Jennifer D. Whalen Name: Jennifer D. Whalen Title: Senior Vice President, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR