Bristow Group plans to draw on revolver, might pursue other financing

By Angela McDaniels

Tacoma, Wash., May 15 – Bristow Group Inc. plans to use available cash, borrowings under its revolving credit facility and proceeds of any other financing, as the case may be, to repurchase some notes, according to a company news release.

The company’s $115 million of 3% convertible senior notes due 2038 are putable at par on June 15.

Bristow is based in Houston and provides helicopter services to the offshore energy industry.

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