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Bristow Enters Into Long-Term Equipment Financings Up To £145 Million

PUBLIC · VTOLJan 11, 2023

Round Type

Funding Round

HoustonEnergyOil And GasTransportation

Investors

Lombard North Central PlcNational Westminster Bank Plc

Description

Bristow Group Inc. (NYSE: VTOL) and its subsidiaries announced today that it has entered into two thirteen-year secured equipment financings for an aggregate amount up to £145 million with National Westminster Bank Plc ("NatWest"). The proceeds from the financings will be used to refinance the indebtedness of the previous equipment financing facilities with Lombard North Central Plc, refinance the aircraft financed thereby, and provide additional financing to support Bristow's obligations under its contracts with the Department for Transport and the Maritime & Coastguard Agency of the United Kingdom.

Quick answer

Bristow Group raised an undisclosed amount in a Funding Round round, dated January 11, 2023. Investors: Lombard North Central Plc and National Westminster Bank Plc. Bristow Group is based in Houston, Texas, United States.

How much did Bristow Group raise?
Bristow Group raised an undisclosed amount in a Funding Round round on January 11, 2023.
Who invested in Bristow Group?
Lombard North Central Plc and National Westminster Bank Plc are named as investors in this round.
What does Bristow Group do?
Bristow Group Inc. is a leading provider of helicopter services to the offshore energy sector, primarily focusing on supporting oil and gas exploration and production activities.
Where is Bristow Group based and how big is it?
Bristow Group is based in Houston, Texas, United States. Fundz records about 3,500 employees.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as Bristow Group that raised within 45 days of this round, from Fundz verified event records.

  • BioSqueeze raised $7.4M (Series A) on February 22, 2023.
  • QiO raised $10M (Funding Round) on February 16, 2023.
  • NovoHydrogen raised an undisclosed amount (Seed) on February 7, 2023.
  • BioSqueeze raised $9.4M on February 3, 2023.
  • NEXT Renewable Fuels, Inc. raised $950K on January 25, 2023.
  • FuelBuddy raised $20M (Funding Round) on January 23, 2023.

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Company Information

Company

Bristow Group

Location

3151 Briarpark Drive, Suite 700

Houston, Texas, United States

About

Bristow Group Inc. is a leading provider of helicopter services to the offshore energy sector, primarily focusing on supporting oil and gas exploration and production activities. Operating out of Houston, Texas, the company offers transportation services to offshore production platforms and support for various maritime operations. With a fleet of helicopters, Bristow Group is committed to providing safe and efficient transport solutions globally, serving regions such as the Americas, Europe, Africa, and Asia-Pacific. The company's strategic focus is on expanding its operations and enhancing fleet capabilities to cater to the evolving needs of the energy industry.

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