Bristow Group Inc. yesterday announced that it has emerged from chapter 11 protection, according to a press release. The company said that it successfully completed its debt restructuring process and implemented the chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 4, 2019. Bristow has reduced its debt significantly and is emerging with $535 million of new capital, which it believes will provide significant financial flexibility to support its global operations. The company also announced it has amended and reinstated its $75 million term loan as of its emergence.
