VTOL - Bristow secures £145 million equipment financing

• Bristow ( NYSE: VTOL ) said Wednesday it entered into two thirteen-year secured equipment financings for up to £145 million with National Westminster Bank Plc.
• The proceeds from the financings will be used to refinance the indebtedness of the previous equipment financing facilities with Lombard North Central Plc, among other things.
• The credit facilities are expected to fund during the first quarter of 2023.
• Upon funding, the credit facilities will have thirteen-year terms with repayment due in quarterly installments commencing March 31, 2023.

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