Bristow Group Inc. Files 8-K on Financial Obligation

TL;DR

Bristow Group Inc. just filed an 8-K about a new financial obligation. Keep an eye on this.

AI Summary

On December 30, 2024, Bristow Group Inc. filed an 8-K report detailing a direct financial obligation. The filing does not specify the exact nature or amount of the obligation, but it is a required disclosure under SEC regulations for significant financial events.

Why It Matters

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

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation, the details of which are not yet fully disclosed, creating uncertainty.

Key Players & Entities

• Bristow Group Inc. (company) — Registrant
• December 30, 2024 (date) — Date of earliest event reported
• 3151 Briarpark Drive, Suite 700, Houston, Texas 77042 (address) — 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 2.03 Creatio

Filing Documents

• vtol-20241230.htm (8-K) — 37KB
• 0001525221-24-000071.txt ( ) — 158KB
• vtol-20241230.xsd (EX-101.SCH) — 2KB
• vtol-20241230_lab.xml (EX-101.LAB) — 21KB
• vtol-20241230_pre.xml (EX-101.PRE) — 12KB
• vtol-20241230_htm.xml (XML) — 3KB

03 Creation of a Direct Financial Obligation

Item 2.03 Creation of a Direct Financial Obligation BHL Term Loan As previously disclosed, on January 24, 2024 (the " Facility Agreement Signing Date "), Bristow Helicopters Limited (" BHL "), a subsidiary of Bristow Group Inc. ("the Company"), entered into a Facility Agreement (the " BHL Facility Agreement ") among BHL, as borrower, the lenders from time to time party thereto and National Westminster Bank Plc, as arranger, agent and security trustee, pursuant to which the lenders have agreed to provide 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 " also known as " UKSAR Debt "). On December 30, 2024, the second Utilisation Date (as defined in the BHL Facility Agreement) occurred under the BHL Facility Agreement, and BHL borrowed approximately GBP 26 million of the total GBP 29 million available thereunder on such date. Concurrently with the second Utilisation Date and pursuant to a voluntary cancellation notice dated December 30, 2024, BHL voluntarily cancelled Commitments (as defined in the BHL Facility Agreement) in an aggregate principal amount equal to approximately GBP 3 million. Following the second Utilisation Date and such voluntary cancellation, no Commitments remain available to be borrowed by BHL under the BHL Term Loan Facility. The foregoing description of the BHL Facility Agreement does not purport to be complete and is qualified in its entirety by reference to the BHL Facility Agreement, a copy of which is attached as Exhibit 10.1 to the Current Report on Form 8-K to this Current Report on Form 8-K.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibits 10.1 Facility Agreement, dated as of January 22, 2024, among BHL, as borrower, the banks and financial institutions party thereto and National Westminster Bank Plc (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on From 8-K filed on January 24, 2024). 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

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. December 30, 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