Bristow Group Announces Private Offering of $250 Million in Senior Notes

HOUSTON, June 1 /PRNewswire-FirstCall/ -- Bristow Group Inc. (NYSE: BRS) today announced that it intends to offer, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, $250 million in principal amount of senior notes due 2017.

The offering of the notes, which is subject to market and other conditions, will be made within the United States only to qualified institutional buyers and outside the United States to non-U.S. investors under Regulation S of the Securities Act.

The Company intends to use the net proceeds from the offering to fund additional aircraft purchases under options and for general corporate purposes.

The offer of the proposed senior notes will be made only by means of an offering memorandum to qualified investors and has not been registered under the Securities Act of 1933 or any state securities laws. The notes may not be offered or sold in the United States absent registration under the Securities Act of 1933 or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.

This news release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these notes nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Certain matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties, including the offering of the notes and the use of proceeds therefrom. These risks and uncertainties include, among other things, the stability of the capital markets, other market conditions, customary closing conditions, and other factors and uncertainties inherent in providing helicopter transportation and related services discussed in Bristow's filings with the Securities and Exchange Commission. Specifically, Bristow cannot assure you that the proposed transaction described above will be consummated on the terms currently contemplated, if at all. Bristow disclaims any obligation to update publicly its forward looking statements, whether as a result of new information, future events or otherwise.

Bristow Group Inc. is the leading provider of helicopter services to the worldwide offshore energy industry based on number of aircraft operated. Through its subsidiaries, affiliates and joint ventures, the Company has major operations in the U.S. Gulf of Mexico and the North Sea, and operations in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. For more information, please visit the company's website at

    Contact:    Bristow Group Inc.
                Joe Baj, Treasurer
                (713) 267-7605

SOURCE Bristow Group Inc.