Bristow Group Closes Senior Notes Offering

Bristow Group has closed its private offering of $50 million of senior notes due 2017. The notes priced at 101.25, plus accrued interest from September 15, 2007, and will carry an interest rate of 7 1/2%. The notes sold and Bristow's existing $300 million in principal amount of 7 1/2% senior notes due 2017 will have identical terms and will be treated as a single class of securities under the same indenture.

Bristow intends to use the net proceeds from the offering to fund additional aircraft purchases under commitments and options and for general corporate purposes. Interest is payable on March 15 and September 15 of each year, beginning March 15, 2008.

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