Bristow Group Inc. has priced its private offering of $300 million of senior notes due 2017. The notes priced at par and will carry an interest rate of 7 1/2%. The Company intends to use the net proceeds from the offering to fund additional aircraft purchases under options and for general corporate purposes. Interest is payable on March 15 and September 15, beginning September 15, 2007.
The closing of the senior notes offering is expected to occur on June 13, 2007, and is subject to the satisfaction of customary closing conditions.