Bristow Group 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
redemption.
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