Bristow Group Inc. - 2010-12-27

Redeemed its 6 1/8% senior notes due June 2013. The notes were redeemed at 101.021% of face value, or approximately $232 million, plus accrued and unpaid interest of approximately $0.3 million. Bristow used borrowings under its new $375-million secured bank credit agreement to fund the redemption. The company expects to recognize a non-cash expense on retirement of the notes of approximately $2.4 million pre-tax related to unamortized debt issuance cost.