Trade date for both offerings:
|
June 11, 2008 | |||
Settlement date for both offerings:
|
June 17, 2008 | |||
Common Stock Offering: |
||||
Amount and price of
common stock offered:
|
4,100,000 shares at a price to the public of $46.87 | |||
Option to purchase
additional shares of
common stock:
|
30-day option, 615,000 shares | |||
Common stock to be
outstanding after this
offering:
|
28,190,026 shares | |||
Gross proceeds:
|
$192,167,000 | |||
Caledonia Private Placement: |
Bristow Group Inc. has entered into an agreement for the sale of 281,900 shares of its common stock at a price of $46.87 per share with Caledonia Investments plc, one of its largest shareholders, the closing of which is subject to customary closing conditions, including regulatory clearance and the closing of the concurrent common stock offering. | |||
Convertible Senior Notes Offering: |
||||
Aggregate principal
amount of notes offered:
|
$100 million |
Option to purchase
additional notes: |
30-day option, $15 million | |
Issue price: |
100% | |
Gross proceeds: |
$100 million | |
Annual interest rate: |
3.00% per year, accruing from June 17, 2008 | |
Maturity date: |
June 15, 2038 | |
Interest payment dates: |
June 15 and December 15 of each year, beginning December 15, 2008 | |
Record dates: |
June 1 and December 1 of each year | |
Base conversion price: |
Initially approximately $77.34 per share of common stock | |
Base conversion rate: |
Initially 12.9307 shares of common stock per $1,000 principal | |
amount of notes (subject to adjustment) | ||
Incremental share factor: |
Initially 8.4049 (subject to adjustment) | |
Daily conversion cap: |
1/20th of 21.3356 shares of common stock (subject to adjustment) | |
CUSIP/ISIN: |
110394 AC7/ US110394AC72 | |
Adjustment to conversion |
Holders who convert their notes in connection with a make-whole | |
rate upon a make-whole |
fundamental change that occurs prior to June 15, 2015 are | |
fundamental change: |
entitled to a make-whole premium in the form of an increase in | |
the conversion rate for notes surrendered for conversion in | ||
connection with such fundamental change. The following table | ||
sets forth the stock price, effective date and number of | ||
additional shares by which the applicable conversion rate will | ||
be increased upon a conversion in connection with a make-whole | ||
fundamental change that occurs in the corresponding period to be | ||
determined by reference to the stock price and effective date of | ||
the make-whole fundamental change: |
Stock Price | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effective Date | $46.87 | $50.00 | $55.00 | $60.00 | $65.00 | $70.00 | $75.00 | $80.00 | $85.00 | $90.00 | $95.00 | $100.00 | $105.00 | $110.00 | $115.00 | $120.00 | $125.00 | $130.00 | $135.00 | $140.00 | $145.00 | $150.00 | $155.00 | $160.00 | $165.00 | $170.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 17, 2008 |
8.4049 | 7.8699 | 7.2329 | 6.7917 | 6.4884 | 6.2834 | 6.1488 | 5.7852 | 5.2603 | 4.8151 | 4.4339 | 4.1046 | 3.8176 | 3.5657 | 3.3429 | 3.1446 | 2.9670 | 2.8071 | 2.6623 | 2.5306 | 2.4102 | 2.2997 | 2.1979 | 2.1038 | 2.0165 | 1.9354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 15, 2009 |
8.4049 | 7.5344 | 6.8338 | 6.3527 | 6.0270 | 5.8121 | 5.6767 | 5.3186 | 4.8035 | 4.3711 | 4.0043 | 3.6904 | 3.4193 | 3.1833 | 2.9762 | 2.7932 | 2.6304 | 2.4847 | 2.3534 | 2.2346 | 2.1264 | 2.0276 | 1.9368 | 1.8531 | 1.7757 | 1.7039 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 15, 2010 |
8.4049 | 7.2204 | 6.4303 | 5.8896 | 5.5272 | 5.2928 | 5.1506 | 4.7999 | 4.2941 | 3.8749 | 3.5240 | 3.2273 | 2.9743 | 2.7565 | 2.5674 | 2.4020 | 2.2562 | 2.1267 | 2.0109 | 1.9068 | 1.8126 | 1.7269 | 1.6485 | 1.5766 | 1.5102 | 1.4488 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 15, 2011 |
8.4049 | 7.1902 | 6.0126 | 5.3953 | 4.9848 | 4.7240 | 4.5714 | 4.2167 | 3.7196 | 3.3148 | 2.9819 | 2.7056 | 2.4739 | 2.2777 | 2.1101 | 1.9656 | 1.8398 | 1.7294 | 1.6317 | 1.5447 | 1.4666 | 1.3960 | 1.3318 | 1.2732 | 1.2193 | 1.1696 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 15, 2012 |
8.4049 | 7.1600 | 5.6184 | 4.8842 | 4.3952 | 4.0872 | 3.9116 | 3.5519 | 3.0626 | 2.6742 | 2.3634 | 2.1123 | 1.9074 | 1.7383 | 1.5974 | 1.4787 | 1.3774 | 1.2902 | 1.2142 | 1.1474 | 1.0881 | 1.0350 | 0.9871 | 0.9436 | 0.9037 | 0.8670 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 15, 2013 |
8.4049 | 7.1298 | 5.2726 | 4.3616 | 3.7469 | 3.3590 | 3.1415 | 2.7691 | 2.2882 | 1.9224 | 1.6429 | 1.4277 | 1.2605 | 1.1290 | 1.0242 | 0.9395 | 0.8699 | 0.8117 | 0.7623 | 0.7197 | 0.6824 | 0.6493 | 0.6197 | 0.5928 | 0.5683 | 0.5457 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 15, 2014 |
8.4049 | 7.0995 | 5.2619 | 3.8357 | 2.9993 | 2.4619 | 2.1655 | 1.7732 | 1.3153 | 0.9995 | 0.7839 | 0.6371 | 0.5364 | 0.4665 | 0.4167 | 0.3799 | 0.3518 | 0.3294 | 0.3108 | 0.2948 | 0.2808 | 0.2682 | 0.2567 | 0.2460 | 0.2362 | 0.2269 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 15, 2015 |
8.4049 | 7.0693 | 5.2511 | 3.7360 | 2.4539 | 1.3550 | 0.4027 | 0.0053 | 0.0017 | 0.0016 | 0.0015 | 0.0014 | 0.0013 | 0.0012 | 0.0012 | 0.0011 | 0.0010 | 0.0010 | 0.0009 | 0.0009 | 0.0008 | 0.0008 | 0.0008 | 0.0007 | 0.0007 | 0.0006 |
| if the stock price is between two stock price amounts on the table above or the effective date is between two effective dates on the table, the number of additional shares will be determined by a straight-line interpolation between the number of additional shares set forth for the higher and lower stock price amounts and the earlier and later effective dates based on a 365-day year, as applicable; | ||
| if the stock price is greater than $170.00 per share of common stock (subject to adjustment in the same manner as the stock price), no additional shares will be issued upon conversion; and |
| if the stock price is less than $46.87 per share of common stock (subject to adjustment in the same manner as the stock price), no additional shares will be issued upon conversion. |