Bristow talks $250 million 10-year senior notes at 7¼%-7½%

By Paul A. Harris

St. Louis, June 6 - Bristow Group Inc. set price talk for its $250 million offering of 10-year senior unsecured notes (Ba2/BB) at 7¼% to 7½% on Wednesday, according to an informed source.

Books close at 2 p.m. ET on Thursday, with pricing set for shortly thereafter.

Goldman Sachs & Co. and Credit Suisse are joint bookrunners for the Rule 144A and Regulation S with registration rights offering. Banc of America Securities LLC, JP Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities are co-managers.

The notes come with five years of call protection.

Proceeds will be used to fund a portion of the acquisition of additional large and medium aircraft under options.

Bristow is a Houston-based offshore transportation services provider to the oil and gas industry.

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