Bristow Group Inc. Files 8-K on Financial Obligations
Ticker: VTOL · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1525221
| Field | Detail |
|---|---|
| Company | Bristow Group Inc. (VTOL) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, 8-k
TL;DR
Bristow Group Inc. just filed an 8-K about new financial obligations. Keep an eye on this.
AI Summary
On February 4, 2025, Bristow Group Inc. filed an 8-K report detailing the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing, submitted on February 5, 2025, pertains to events occurring on February 4, 2025. Bristow Group Inc. is headquartered in Houston, Texas.
Why It Matters
This filing indicates a change in Bristow Group Inc.'s financial commitments, which could impact its financial health and investment profile.
Risk Assessment
Risk Level: medium — Filings related to financial obligations can signal potential changes in a company's financial risk profile.
Key Numbers
- 1-35701 — Commission File Number (Identifies the specific SEC filing for Bristow Group Inc.)
- 72-1455213 — IRS Employer Identification No. (Tax identification number for Bristow Group Inc.)
Key Players & Entities
- Bristow Group Inc. (company) — Registrant
- February 4, 2025 (date) — Date of earliest event reported
- February 5, 2025 (date) — Date of report filing
- Houston, Texas (location) — Principal Executive Offices
- ERA GROUP INC. (company) — Former Company Name
FAQ
What specific type of financial obligation did Bristow Group Inc. enter into?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not specify the exact nature of the obligation in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on February 4, 2025.
What is Bristow Group Inc.'s principal executive office address?
Bristow Group Inc.'s principal executive offices are located at 3151 Briarpark Drive, Suite 700, Houston, Texas 77042.
What was Bristow Group Inc.'s former company name?
Bristow Group Inc.'s former company name was ERA GROUP INC.
What is the filing date of this 8-K report?
The report was filed as of February 5, 2025.
Filing Stats: 723 words · 3 min read · ~2 pages · Grade level 14.2 · Accepted 2025-02-04 19:09:20
Key Financial Figures
- $0.01 — hange on which registered Common Stock $0.01 par value VTOL NYSE Item 2.03 Creatio
Filing Documents
- vtol-20250204.htm (8-K) — 34KB
- 0001525221-25-000007.txt ( ) — 155KB
- vtol-20250204.xsd (EX-101.SCH) — 2KB
- vtol-20250204_lab.xml (EX-101.LAB) — 21KB
- vtol-20250204_pre.xml (EX-101.PRE) — 12KB
- vtol-20250204_htm.xml (XML) — 3KB
03 Creation of a Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation As previously disclosed, on June 12, 2024, Bristow Leasing Limited ("BLL"), as borrower, Bristow Group Inc. (the "Company"), as parent guarantor, Bristow Helicopters Limited ("BHL") and Bristow Aviation Holdings Limited, as guarantors ("BAHL" and, together with the Company and BHL, the "Guarantors"), the UK export facility lenders party thereto (the "UKEF Lenders"), the commercial facility lenders party thereto (the "Commercial Lenders" and, together with the UKEF Lenders, the "Lenders"), and National Westminster Bank Plc, as lead arranger, structuring bank, agent and security agent, entered into a Facilities Agreement (the "BLL Facilities Agreement"), pursuant to which (i) the UKEF Lenders agreed to advance to BLL the sum of up to EUR 80 million and (ii) the Commercial Lenders agreed to advance to BLL the sum of up to EUR 20 million in order to enable BLL to finance, amongst other things, the acquisition of five new AgustaWestland AW189 aircraft that will be used by Bristow Ireland Limited, an indirect subsidiary of the Company, to service its contract with the Irish Department of Transport to provide search and rescue services to the Irish Coast Guard (the "BLL Term Loan Facility" also known as "IRCG Debt"). On February 3, 2025, the fifth Utilisation Date (as defined in the BLL Facilities Agreement) occurred under the BLL Facilities Agreement, and BLL borrowed approximately EUR 6 million under the BLL Facilities Agreement (the "Borrowing"). After giving effect to the Borrowing, the total borrowings made pursuant to the BLL Facilities Agreement was EUR 99 million. Following the fifth Utilisation Date, EUR 1 million of Commitments (as defined in the BLL Facilities Agreement) remain available to be borrowed by BLL under the BLL Term Loan Facility. The foregoing description of the BLL Facilities Agreement does not purport to be complete and is qualified in its entirety by reference to the BLL Facilities Agreement,
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibits 10.1 Facilities Agreement, dated as of June 12, 2024 (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on June 14, 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. February 4, 2025 By: /s/ Jennifer D. Whalen Name: Jennifer D. Whalen Title: Senior Vice President, Chief Financial Officer