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SEC Filings

8-K
BRISTOW GROUP INC filed this Form 8-K on 11/14/2018
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EX-10.1

Exhibit 10.1

ABL facilities agreement amendment request letter

To:    BARCLAYS BANK PLC

as Agent under the Facilities Agreement (as defined below) and on behalf of the Finance Parties under the Facilities Agreement

 

Address:    745 7th Avenue
New York
NY 10019
Electronic mail address:   

vanessa.kurbatskiy@barclays.com

/komal.ramkirath@barclays.com

For the attention of:    Vanessa Kurbatskiy/Komal Ramkirath

November 7, 2018

Dear Sirs,

ABL Facilities Agreement – Amendment Request

 

1.

BACKGROUND

1.1    We refer to the ABL facilities agreement dated 17 April 2018 between, amongst others, Barclays Bank PLC (as agent), Bristow Norway AS and Bristow Helicopters Limited as borrowers and guarantors and Bristow Group Inc. as a guarantor as amended from time to time (the “Facilities Agreement”).

1.2    In accordance with Clause 42 (Amendments and Waivers) of the Facilities Agreement we (on behalf of ourselves and as Obligors’ Agent on behalf of each other Obligor) request that the Majority Lenders consent to the terms of this letter and certain amendments to the Facilities Agreement set forth herein (collectively, the “Amendments”) which shall take effect on the Effective Date (as defined below).

 

2.

AMENDMENTS

 

2.1

With effect on and from the Effective Date (as defined below):

 

  (a)

each of the following new definitions shall be inserted in Clause 1.1 (Definitions) of the Facilities Agreement at its appropriate place in the alphabetical order of such Clause:

““Restricted Subsidiary” of a Person means any Subsidiary of such Person that is not an Unrestricted Subsidiary. Unless the context otherwise requires, references to a Restricted Subsidiary shall be to a Restricted Subsidiary of the Parent.”

““Unrestricted Subsidiary” has the meaning given to that term in the Secured Bonds Indenture and for the avoidance of doubt does not include any Subsidiary of the Parent which is or becomes a Borrower and/or a Guarantor.”

 

  (b)

paragraph (a) of the definition of “Material Adverse Effect” in Clause 1.1 (Definitions) of the Facilities Agreement shall be deleted and replaced with the following:

“(a)     the business, operations, property or financial condition of (i) the Parent, (ii) each Obligor individually and/or (iii) the Parent and the Restricted Subsidiaries taken as a whole;”

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