Bristow flags Natwest financing arrangement in latest results

Bristow Group in January arranged thirteen-year secured equipment financing for up to £145 million (US$ 172.6 million) with UK bank NatWest. Revisiting the financings announcement in its latest quarterly financial results, in which it reported a loss of $7 million, the helicopter business said the proceeds were used to refinance previous equipment financing facilities and to provide additional financing to support its obligations under its SAR [search and rescue] contracts in the UK with the Department for Transport and the Maritime & Coastguard Agency. The credit facilities were funded on January 27, 2023, for approximately £138 million and have thirteen-year