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Bristow Group Inc (BRS.N)

BRS.N on New York Stock Exchange

0.46USD
25 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Global Value Investment Corp Calls For Resignation Of Certain Bristow Directors
Thursday, 18 Apr 2019 

April 18 (Reuters) - Global Value Investment Corp::GLOBAL VALUE INVESTMENT CORP. CALLS FOR RESIGNATION OF CERTAIN BRISTOW DIRECTORS.ISSUED OPEN LETTER TO BOARD OF BRISTOW GROUP; LETTER "STRONGLY CAUTIONS" BRISTOW AGAINST PURSUING A CHAPTER 11 RESTRUCTURING.CALLS FOR IMMEDIATE RESIGNATION OF BRISTOW'S DIRECTORS THOMAS C. KNUDSON, THOMAS N. AMONETTE, LORI A. GOBILLOT, AND BIGGS C. PORTER..PREPARED TO PUT FORTH A SLATE OF ALTERNATE DIRECTORS FOR ELECTION AT BRISTOW'S 2019 ANNUAL MEETING.AWARE OF AT LEAST 1 EQUITY INVESTOR THAT OFFERED TO ENGAGE IN SUBSTANTIVE TALKS ABOUT PROVIDING CAPITAL TO BRISTOW.  Full Article

Bristow Group Inc Says Exploring Strategic Financial Alternatives
Monday, 15 Apr 2019 

April 15 (Reuters) - Bristow Group Inc ::BRISTOW PROVIDES FINANCIAL UPDATE.BRISTOW GROUP INC - REACHES AGREEMENT WITH LENDERS TO EXTEND 10-Q FILING DEADLINE.BRISTOW GROUP INC - EXPLORING STRATEGIC FINANCIAL ALTERNATIVES.BRISTOW GROUP INC - PROVIDES LIQUIDITY UPDATE AND EXERCISES CONTRACTUAL RIGHT TO UTILIZE GRACE PERIOD AND NOT MAKE $12.5 MILLION INTEREST PAYMENT ON SENIOR UNSECURED NOTES.BRISTOW - GOT WAIVERS OF COVENANTS WITH SECURED EQUIPMENT FINANCING LENDERS, ABL LENDERS ON TIMING OF DELIVERY OF FINANCIALS FOR QUARTER ENDED DEC 31.BRISTOW - AS OF APRIL 12, HAD ABOUT $202.1 MILLION OF LIQUIDITY, CONSISTING OF AGGREGATE CASH ON HAND AND AVAILABILITY UNDER ITS ABL FACILITY.  Full Article

Bristow Says Entered Limited Waiver Agreements With Certain Parties To Loan Agreements
Monday, 18 Mar 2019 

March 18 (Reuters) - Bristow Group Inc ::BRISTOW GROUP INC SAYS HAS ENTERED LIMITED WAIVER AGREEMENTS WITH CERTAIN PARTIES TO LOAN AGREEMENTS.  Full Article

Bristow Group Names Don Miller President And CEO
Friday, 1 Mar 2019 

March 1 (Reuters) - Bristow Group Inc ::BRISTOW NAMES DON MILLER PRESIDENT AND CEO AND BRIAN ALLMAN SENIOR VICE PRESIDENT AND CFO.BRISTOW GROUP INC - MILLER PREVIOUSLY SERVED AS COMPANY'S SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.BRISTOW GROUP INC - BRIAN ALLMAN HAS BEEN PROMOTED AND WILL REPLACE MILLER AS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.  Full Article

Global Value Investment Urges Bristow Group To Explore Strategic Alternatives
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Bristow Group Inc ::GLOBAL VALUE INVESTMENT CORP. DELIVERS OPEN LETTER TO BOARD OF DIRECTORS OF BRISTOW GROUP INC.GLOBAL VALUE INVESTMENT - URGES BRISTOW GROUP FOR MODIFICATION OF FINANCING FOR OR TERMINATION OF PROPOSED ACQUISITION OF COLUMBIA HELICOPTERS INC.GLOBAL VALUE INVESTMENT CORP SAYS BELIEVES THAT BRISTOW'S COMMON STOCK TRADES AT "STEEP DISCOUNT" TO CO'S INTRINSIC VALUE.GLOBAL VALUE INVESTMENT - URGES BRISTOW GROUP FOR EXPLORATION OF STRATEGIC ALTERNATIVES.GLOBAL VALUE INVESTMENT CORP SAYS IS PREPARED TO WORK COLLABORATIVELY WITH BRISTOW'S BOARD & OTHER SHAREHOLDERS TO ADVANCE ALTERNATIVES.GLOBAL VALUE INVESTMENT - TERMINATION OF BRISTOW'S PROPOSED ACQUISITION OF COLUMBIA HELICOPTERS "SHOULD BE UNDERTAKEN UNILATERALLY" IF NO DEAL REACHED.GLOBAL VALUE INVESTMENT - BELIEVES ERA GROUP INC, CHC GROUP LTD, OR OTHERS WOULD ENTERTAIN DISCUSSIONS ON POTENTIAL BUSINESS COMBINATION WITH BRISTOW.  Full Article

Bristow Group Says Some Investors Can Purchase A Minimum Of $135 Mln Aggregate Amount Of Convertible Notes
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Bristow Group Inc ::BRISTOW GROUP - ON NOV 27, ENTERED AGREEMENT WHEREBY SOME PRIVATE INVESTORS TO PURCHASE, A MINIMUM OF $135 MILLION AGGREGATE AMOUNT OF CONVERTIBLE NOTES.BRISTOW GROUP - NOTE PURCHASERS HAVE OPTION, EXERCISABLE UNTIL DEC 14, 2018, TO PURCHASE UP TO ADDITIONAL $15 MILLION OF CONVERTIBLE NOTES - SEC FILING.  Full Article

Bristow Group Q2 Adjusted Loss Per Share $0.78
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Bristow Group Inc ::BRISTOW GROUP REPORTS SECOND QUARTER FISCAL YEAR 2019 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.78.Q2 EARNINGS PER SHARE VIEW $-0.64 -- THOMSON REUTERS I/B/E/S.REVISES BRISTOW STANDALONE FULL FISCAL YEAR 2019 ADJUSTED EBITDA GUIDANCE TO $80 MILLION TO $110 MILLION.IN QUARTER, HAD LOSS ON IMPAIRMENT OF $2.83 PER SHARE RELATED TO H225 OWNED AIRCRAFT AND INVENTORY AND EASTERN AIRWAYS ASSETS.QTRLY NET LOSS $4.03 PER DILUTED SHARE.SEES FY 2019 TOTAL OPERATING REVENUE ABOUT $1.25 BILLION - $1.35 BILLION.QTRLY OPERATING REVENUE $334.7 MILLION, DOWN 6.5 PERCENT.SEES FY 2019 TOTAL ADJUSTED EBITDA ABOUT $80 MILLION - $110 MILLION.  Full Article

Bristow Group Q1 Loss Per Share $0.90
Thursday, 2 Aug 2018 

Bristow Group Inc ::BRISTOW GROUP REPORTS FIRST QUARTER FISCAL YEAR 2019 RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.82.Q1 LOSS PER SHARE $0.90.Q1 EARNINGS PER SHARE VIEW $-0.69 -- THOMSON REUTERS I/B/E/S.QUARTERLY OPERATING REVENUE $350.99 MILLION VERSUS $339.73 MILLION.REAFFIRMING FISCAL 2019 ADJUSTED EBITDA GUIDANCE OF $90 MILLION - $140 MILLION.SEES FY2019 TOTAL OPERATING REVENUE FROM ABOUT $1.25 BILLION - $1.35 BILLION.  Full Article

Bristow Secures Three-Year Contract Extension In Norwich
Thursday, 24 May 2018 

May 24 (Reuters) - Bristow Group Inc ::BRISTOW SECURES THREE-YEAR CONTRACT EXTENSION IN NORWICH.BRISTOW GROUP INC - EXTENSION COVERS SEVEN-DAY-A-WEEK COVERAGE IN UK SOUTHERN NORTH SEA THROUGH DEC 2021.  Full Article

Bristow Group- Units Entered Abl Facilities Agreement For Asset-Backed Revolving Credit Facility Of Up To $75 Mln
Monday, 23 Apr 2018 

April 23 (Reuters) - Bristow Group Inc ::BRISTOW GROUP- UNITS ENTERED ABL FACILITIES AGREEMENT FOR ASSET-BACKED REVOLVING CREDIT FACILITY OF UP TO $75 MILLION, WITH A PART ALLOCATED TO EACH UNIT.BRISTOW GROUP INC - MAXIMUM AMOUNT OF ABL FACILITY MAY BE INCREASED FROM TIME TO TIME TO A TOTAL OF AS MUCH AS $100 MILLION - SEC FILING.BRISTOW GROUP INC - ABL FACILITY WILL MATURE FIVE YEARS FROM DATE OF ABL AGREEMENT.  Full Article