Filing Details
- Accession Number:
- 0001140361-20-025844
- Form Type:
- 13D Filing
- Publication Date:
- 2020-11-17 17:22:13
- Filed By:
- Solus Alternative Asset Management
- Company:
- Bristow Group Inc. (NYSE:VTOL)
- Filing Date:
- 2020-11-17
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Solus Alternative Asset Management | 4,583,344 | 4,583,344 | 4,583,344 | 15.4% | ||
| Solus GP | 4,583,344 | 4,583,344 | 4,583,344 | 15.4% | ||
| Christopher Pucillo | 4,583,344 | 4,583,344 | 4,583,344 | 15.4% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Bristow Group Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
11040G103
(CUSIP Number)
Christopher Pucillo
Solus Alternative Asset Management LP
410 Park Avenue, 11th Floor
New York, NY 10022
212-284-4300
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 13, 2020
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies of this statement are to be sent.
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 26885G109 | SCHEDULE 13D | Page 2 of 6 |
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Solus Alternative Asset Management LP | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) | ☐ | ||
| (b) | ☐ | ||||
| | | ||||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | | | ||
| WC, OO | | | |||
| | | ||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) | | ☐ | ||
| | | ||||
| | | ||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| Delaware | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | | | |
| N/A | | | |||
| | | ||||
| 8 | SHARED VOTING POWER | | | ||
| 4,583,344 | | | |||
| | | ||||
| 9 | SOLE DISPOSITIVE POWER | | | ||
| N/A | | | |||
| | | ||||
| 10 | SHARED DISPOSITIVE POWER | | | ||
| 4,583,344 | | | |||
| | | ||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 4,583,344 | | | |||
| | | ||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | ☐ | ||
| | | ||||
| | | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | | ||
| 15.4% | | | |||
| | | ||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| IA | | | |||
| | | ||||
| CUSIP No. 26885G109 | SCHEDULE 13D | Page 3 of 6 | |||||
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Solus GP LLC | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) | ☐ | ||
| (b) | ☐ | ||||
| | | ||||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | | | ||
| WC, OO | | | |||
| | | ||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) | | ☐ | ||
| | | ||||
| | | ||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| Delaware | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | | | |
| N/A | | | |||
| | | ||||
| 8 | SHARED VOTING POWER | | | ||
| 4,583,344 | | | |||
| | | ||||
| 9 | SOLE DISPOSITIVE POWER | | | ||
| N/A | | | |||
| | | ||||
| 10 | SHARED DISPOSITIVE POWER | | | ||
| 4,583,344 | | | |||
| | | ||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 4,583,344 | | | |||
| | | ||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | ☐ | ||
| | | ||||
| | | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | | ||
| 15.4% | | | |||
| | | ||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| OO | | | |||
| | | ||||
| CUSIP No. 26885G109 | SCHEDULE 13D | Page 4 of 6 | |||||
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Christopher Pucillo | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) | ☐ | ||
| (b) | ☐ | ||||
| | | ||||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | | | ||
| WC, OO | | | |||
| | | ||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) | | ☐ | ||
| | | ||||
| | | ||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| United States of America | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | | | |
| N/A | | | |||
| | | ||||
| 8 | SHARED VOTING POWER | | | ||
| 4,583,344 | | | |||
| | | ||||
| 9 | SOLE DISPOSITIVE POWER | | | ||
| N/A | | | |||
| | | ||||
| 10 | SHARED DISPOSITIVE POWER | | | ||
| 4,583,344 | | | |||
| | | ||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 4,583,344 | | | |||
| | | ||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | ☐ | ||
| | | ||||
| | | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | | ||
| 15.4% | | | |||
| | | ||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| IN | | | |||
| | | ||||
| CUSIP No. 26885G109 | SCHEDULE 13D | Page 5 of 6 | |||||
This Amendment No. 2 (this “Amendment”) reflects changes to the information in the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on June 22, 2020, by Solus Alternative Asset Management
LP, a Delaware limited partnership (“Solus”), Solus GP LLC, a Delaware limited liability company, which serves as the general partner to Solus (“Solus GP”), and Christopher Pucillo, a United States citizen, who serves as managing member of Solus GP
(“Pucillo”, and together with Solus and Solus GP, the “Reporting Persons”), relating to the shares of common stock, par value $0.01 per share (the “Common Stock”), of Bristow Group Inc., a Delaware corporation (the “Issuer”), as amended by
Amendment No. 1, filed by the Reporting Persons with the SEC on September 22, 2020 (as so amended, the “Schedule 13D”). Except as otherwise indicated, capitalized terms used and not defined in this Amendment shall have the meaning assigned to such
term in the Schedule 13D. Except as otherwise provided herein, each item of the Schedule 13D remains unchanged.
| Item 5. | Interest in Securities of the Issuer. |
Items 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows:
(a)-(b) The responses of each of the Reporting Persons with respect to Rows 11, 12 and 13 of the cover pages of this Schedule 13D that relate to the aggregate number and percentage of shares of Common Stock are
incorporated herein by reference. The responses of each of the Reporting Persons with respect to Rows 7, 8, 9 and 10 of the cover pages of this Schedule 13D that relate to the aggregate number of shares of Common Stock as to which each of the
Reporting Persons referenced in Item 2 above has sole or shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition are incorporated herein by reference.
As of the date hereof, the Reporting Persons beneficially own an aggregate of 4,583,344 shares of Common Stock, representing approximately 15.4% of the outstanding shares of Common Stock.
The aggregate percentage of shares of Common Stock reported as beneficially owned by the Reporting Persons was calculated based on 29,710,809 shares of Common Stock outstanding as of November 2, 2020, as reported in
the Quarterly Report on Form 10-Q filed by the Issuer on November 5, 2020.
The Reporting Persons may be deemed to share voting power and dispositive power with each other with respect to the shares of Common Stock held by them. The filing of this Schedule 13D shall not be construed as an
admission that any of the Reporting Persons is the beneficial owner of any securities covered by this Schedule 13D, and each Reporting Person hereby expressly disclaims beneficial ownership in the securities reported in this Schedule 13D and
membership in a “group” as that term is described in Rule 13d-5(b)(1) of the Act.
(c) Except as disclosed in Exhibit 1 attached hereto, there have been no transactions with respect to the Common Stock by the Reporting Persons since the filing by the Reporting Persons of Amendment No. 1 to the
Schedule 13D on September 22, 2020.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: November 17, 2020
| By: | /s/ Christopher Pucillo | ||
| Christopher Pucillo | |||
| individually and as managing member of Solus GP LLC, for itself and as the general partner of Solus Alternative Asset Management LP | |||
Exhibit 1
TRANSACTIONS
The following table sets forth all transactions effected on behalf of the Reporting Persons in relation to the shares of Common Stock since the filing by the Reporting Persons of Amendment No. 1 to the Schedule 13D
on September 22, 2020. The below transactions were effected in the open market.
| Trade Date | Number of Shares Sold | Weighted Average Price Per Share | |||||||
| 11/9/2020 | 89,366 | $ | 23.4930 | ||||||
| 11/10/2020 | 4,642 | $ | 23.0152 | ||||||
| 11/10/2020 | 18,251 | $ | 23.0725 | ||||||
| 11/11/2020 | 7,203 | $ | 23.0000 | ||||||
| 11/11/2020 | 600 | $ | 23.0000 | ||||||
| 11/12/2020 | 23,754 | $ | 22.0589 | ||||||
| 11/12/2020 | 15,579 | $ | 22.0000 | ||||||
| 11/13/2020 | 90,803 | $ | 22.4131 | ||||||
| 11/13/2020 | 85,000 | $ | 22.2080 | ||||||
| 11/13/2020 | 54,900 | $ | 22.1527 | ||||||
| 11/13/2020 | 21,801 | $ | 22.5000 | ||||||
| 11/16/2020 | 125,019 | $ | 23.0052 | ||||||
| 11/16/2020 | 100,000 | $ | 22.9335 | ||||||
| 11/16/2020 | 127,900 | $ | 22.9746 | ||||||
| 11/17/2020 | 18,199 | $ | 23.1345 | ||||||
| 11/17/2020 | 8,521 | $ | 23.1607 | ||||||
| 11/17/2020 | 14,644 | $ | 23.1680 | ||||||