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HOUSTON, Oct. 31, 2019 /PRNewswire/ — Bristow Group Inc. ("Bristow" or the "Company") today announced that it has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 4, 2019. Bristow has reduced its debt significantly and is emerging with $535 million of new capital, which it believes will provide significant financial flexibility to support its global operations. The Company also announced it has amended and reinstated its $75 million term loan as of its emergence. L. Don Miller, President and Chief Executive Officer of Bristow, said, "We are beginning this new chapter of Bristow’s proud history having achieved our key restructuring goals: a stronger balance sheet and improved liquidity that will enable us to continue providing industry-leading service to our global client base. I would like to commend our global team for its unwavering focus on delivering safe and efficient service to our clients and passengers as we navigated the restructuring process." Miller continued, "We are committed to further building on our global leadership role in offshore oil and gas transportation and search and rescue. […]
