Bristow Group Inc. Prices $500 Million Senior Secured Notes Offering at 6.75%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Offering Size: Bristow Group announced the pricing of $500 million in senior secured notes at a 6.75% interest rate, expected to close on January 26, 2026, which will enhance the company's capital structure and support future financial flexibility.
- Guarantee Structure: The notes will be fully guaranteed by the company's existing wholly-owned subsidiaries and future subsidiaries, ensuring investor security while securing 119 helicopters and related assets with first-priority liens, thereby enhancing asset safety.
- Use of Proceeds: Bristow intends to use a portion of the net proceeds to fully redeem its 6.875% senior secured notes due 2028, expected to occur on March 1, 2026, which will help reduce the company's debt burden and optimize its capital structure.
- Market Positioning: As a leading global provider of vertical flight solutions, Bristow's financing activities will further solidify its market position in offshore energy and government services, enhancing its competitiveness in the global aviation services market.
Analyst Views on VTOL
Wall Street analysts forecast VTOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VTOL is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 39.880
Low
45.00
Averages
45.00
High
45.00
Current: 39.880
Low
45.00
Averages
45.00
High
45.00
About VTOL
Bristow Group Inc. is a provider of vertical flight solutions. The Company primarily provides aviation services to a broad base of offshore energy companies and government entities. Its aviation services include personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, unmanned systems, and ad-hoc helicopter services. Its business consists of three operating segments: Offshore Energy Services, Government Services and Other Services. Its energy customers charter its helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Its government customers primarily outsource SAR activities whereby the Company operates specialized helicopters and provides highly trained personnel. Its other services include fixed-wing transportation services through a regional airline and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
