Debtor-In-Possession Commitment Letter Represents Significant Step Towards Prompt Chapter 11 Emergence
Bristow Group has announced that as part of its previously-filed Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court" or "the Court"), the Company has entered into an amended and restated restructuring support agreement (the "Amended RSA") with certain of the Company's secured and unsecured noteholders, who have committed, as part of the transaction, to fund a new debtor-in-possession ("DIP") facility.