Bristow Enters into Government-Backed Equipment Financing for up to €100 Million [Yahoo! Finance]
Bristow Group, Inc. (VTOL)
Company Research
Source: Yahoo! Finance
into a new Export Development Guarantee term-loan facility for an aggregate amount of up to €100 million with National Westminster Bank Plc ("NatWest") as the original lender and UK Export Finance guaranteeing 80% of the facility (the "UKEF Debt"). The proceeds from the financing will be used to support Bristow's capital commitments related to the next generation of search and rescue ("SAR") operations in Ireland UK Export Finance is the UK's export credit agency and provides the Export Development Guarantee product to support the working capital and capital expenditure needs of UK exporters that meet certain criteria. "The proceeds from the UKEF Debt will enhance our financial flexibility as Bristow grows its leading government services business with the new Irish Coast Guard contract investments," said Chris Bradshaw , Bristow's President and Chief Executive Officer. "We would like to thank NatWest and UK Export Finance for their confidence in Bristow and for helping facilitate
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VTOL
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 8-K
- 6/14/24 - Form 4
- VTOL's page on the SEC website