tiprankstipranks
Bristow Group Expands Fleet with Strategic Financial Move
Company Announcements

Bristow Group Expands Fleet with Strategic Financial Move

Don't Miss our Black Friday Offers:

The latest announcement is out from Bristow Group (VTOL).

On June 12, 2024, Bristow Leasing Limited secured a Facilities Agreement involving loans up to EUR 100 million from a consortium of lenders to finance the acquisition of five new AgustaWestland AW189 aircraft for search and rescue services. These aircraft will support a contract with the Irish Coast Guard. The loans, guaranteed by Bristow Group Inc. and others, are structured with flexible repayment terms and are secured against the aircraft and additional collateral, with interest pegged to the Euro Interbank Offered Rate plus a margin. This strategic financial move is aimed at bolstering the company’s operational capabilities in critical emergency services.

See more data about VTOL stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskBristow Group Reports Steady Q3 2024 Performance
TheFlyBristow Group and Leonardo sign long-term support and training agreement
TipRanks Auto-Generated NewsdeskBristow Group Increases 2024 EBITDA Outlook Amid Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App