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Bristow Group calls its $230 million of 6 1/8% senior notes due 2013
By Melissa Kory
Cleveland, Nov. 23 - Bristow Group Inc. announced that it will redeem its $230 million of 6 1/8% senior notes due 2013 for $232.7 million.
The notes will be redeemed on Dec. 23 at 101.021% plus accrued interest to the redemption date.
Bristow plans to use borrowings under its new $375 million secured bank credit agreement to fund the redemption.
Bristow expects to recognize a non-cash expense on retirement of the notes of $2.4 million pre-tax related to unamortized debt issuance cost.
Bristow is a Houston-based provider of helicopter services to the offshore energy industry.
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