NYSE:VTOLEnergy Services
What Bristow Group (VTOL)'s $500 Million Debt Refi and ABL Extension Means For Shareholders
Bristow Group Inc. recently closed a US$500 million private offering of 6.750% senior secured notes due 2033 and amended its asset-based revolving credit facility, extending its maturity to 2031 while adjusting total commitments.
By refinancing its 6.875% senior secured notes due 2028 and extending its credit facility, Bristow has reshaped its debt profile and liquidity options.
We’ll now examine how this large-scale refinancing, particularly the extension of the ABL Facility to 2031,...