Bristow Group Announces Closing of $450 Million Senior Notes Offering

Bristow Group BRS, the leading provider of helicopter services to the worldwide offshore energy industry, announced today the closing of its offering of $450 million aggregate principal amount senior notes due 2022 (the "Notes") pursuant to a registration statement filed with the Securities and Exchange Commission (the "Commission"). The Notes will bear interest at a rate of 6.25% per annum and will mature on October 15, 2022. The net proceeds from the sale of the Notes were approximately $442.8 million (after deducting underwriting discounts and commissions and estimated expenses). The company intends to use the net proceeds from the offering to fund its concurrent tender offer for its 7½% senior notes due 2017 and, if applicable, to redeem any and all of its 7½% senior notes due 2017 that have not been accepted and paid for in the tender offer and to pay related fees and expenses, and to use the remaining net proceeds from this offering for general corporate purposes, including the repayment or repurchase of other indebtedness. Credit Suisse Securities (USA) LLC and SunTrust Robinson Humphrey, Inc. acted as joint global coordinators and joint book-running managers and representatives of the underwriters. The other joint book-running managers included Merrill Lynch, Pierce, Fenner & Smith Incorporated Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC  and Wells Fargo Securities, LLC. HSBC Securities (USA) Inc. and U.S. Bancorp Investments, Inc. acted as co-managers.