Bristow Group Announces Stock Repurchases

Bristow Group Announces Stock Repurchases 3 Jun, 20, Source: Bristow Group

Bristow Group Inc. (“Bristow”) announced entry into privately negotiated stock repurchase agreements to repurchase 142,721 shares of its common stock and 98,784 shares of its preferred stock at an aggregate purchase price of approximately¬†$4.8 million¬†(collectively, the “Repurchases”). The closing of the Repurchases is subject to a number of conditions, including the repayment of all amounts outstanding under, and the termination of, Bristow’s term loan and the satisfaction or waiver of all of the conditions to Bristow’s contemplated merger with Era Group Inc. All shares of common and preferred stock repurchased in connection with the Repurchases will be canceled. Following the closing of the Repurchases, which is expected to occur immediately prior to the completion of the contemplated merger,¬†Bristow will have 11,092,845 shares of common stock outstanding and 6,725,798 shares of preferred stock outstanding.

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