The information set forth in Item 8.01 is incorporated herein by reference.

Item 8.01. Other Events.

Funding of Subsidiary Credit Facility

On March 7, 2017 (the “Funding Date”), Bristow U.S. LLC (the “Borrower”), a subsidiary of Bristow Group Inc. (the “Company”), completed the funding of a $200 million term loan (the “2017 Term Loan”) to the previously disclosed Term Loan Credit Agreement, dated as of February 1, 2017 (the “2017 Credit Agreement”), among the Borrower, as borrower, the lenders from time to time party thereto, and Macquarie Bank Limited, as administrative agent and as security agent.

All of the proceeds of the 2017 Term Loan were used to repay portions of the outstanding term loan indebtedness of the Company under (1) the Amended and Restated Revolving Credit and Term Loan Agreement, dated as of November 22, 2010, by and among the Company, as borrower, the lenders from time to time party thereto, and SunTrust Bank, as administrative agent, and (2) the Term Loan Credit Agreement, dated as of November 5, 2015, by and among the Company, as borrower, the lenders from time to time party thereto, and SunTrust Bank, as administrative agent.

The Borrower’s obligations under the 2017 Credit Agreement are guaranteed by the Company and are secured by a pledge of 20 oil and gas configured helicopters having an aggregate value of approximately $335.6 million (the “Aircraft”) and specified in the 2017 Credit Agreement, together with the engines and other equipment and parts that may from time to time be installed on the Aircraft and certain other related assets.

Contemporaneously with the execution and delivery of the 2017 Credit Agreement, the Borrower, as lessee, entered into separate lease agreements, dated as of February 1, 2017 (the “Lease Agreements”), with Wells Fargo Bank Northwest, N.A., as owner trustee for Macquarie Aerospace Inc., an affiliate of Macquarie Bank Limited, with respect to five helicopters. On the Funding Date, the Borrower, as lessee, took delivery of four of the five aircraft to the Lease Agreements.

About Bristow Group Inc. (NYSE:BRS)

Bristow Group Inc. is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan. The Africa region consists of all its operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region consists of all its operations and affiliates in North America and South America, including Brazil, Canada, Trinidad and the United States Gulf of Mexico. The Asia Pacific region consists of all its operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Additionally, it operates a training unit, Bristow Academy.

Bristow Group Inc. (NYSE:BRS) Recent Trading Information

Bristow Group Inc. (NYSE:BRS) closed its last trading session down -0.58 at 14.40 with 703,484 shares trading hands.