SCHEDULE 13D/A: Solus Alternative Asset Management Amends Bristow Group Stake, Reports Recent Share Sales

Sentiment:

Beneficial Ownership Amendment 16 June 2025 9:03 PM

Solus Alternative Asset Management LP, along with its affiliates, filed an Amendment No. 6 to its Schedule 13D, disclosing a 10.69% beneficial ownership in Bristow Group Inc. and recent open market sales of common stock.

Worse than expectedThe reporting persons, Solus Alternative Asset Management LP, sold a total of 45,857 shares of Bristow Group Inc. common stock on June 12, 2025.While the percentage ownership remains significant at 10.69%, the reduction in stake by a large institutional investor can be interpreted as a negative signal regarding their outlook on the company's future performance or valuation.

Summary

Solus Alternative Asset Management LP, Solus GP LLC, and Christopher Pucillo (collectively, the "Reporting Persons") filed Amendment No. 6 to their Schedule 13D regarding their beneficial ownership of Bristow Group Inc. common stock.
As of the filing, the Reporting Persons beneficially own an aggregate of 3,076,796 shares of Bristow Group Inc. common stock.
This represents 10.69% of the outstanding common stock, calculated based on 28,775,000 shares reported by Bristow Group Inc. as outstanding on May 2, 2025.
The amendment specifically updates information regarding the Reporting Persons' interest in the Issuer's securities, amending and restating Items 5(a)-(c) of the original Schedule 13D.
Within the past 60 days, the Reporting Persons conducted open market sales of Bristow Group Inc. common stock.
On June 12, 2025, 20,000 shares were sold at a weighted average price of $33.4250 per share, with a price range of $33.4000 to $33.4500.
On June 12, 2025, an additional 25,857 shares were sold at a weighted average price of $33.5360 per share, with a price range of $33.5000 to $33.6000.

Sentiment

Score: 4

Explanation: The filing indicates a reduction in stake by a significant investor through open market sales, which can be perceived as a slightly negative signal, although the overall ownership remains substantial.

Negatives

The Reporting Persons, Solus Alternative Asset Management LP, sold a total of 45,857 shares of Bristow Group Inc. common stock on June 12, 2025, which could be perceived as a reduction in conviction or a strategic shift by a significant investor.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: The sale of shares by a significant holder could lead to negative market sentiment and potentially impact the company's share price.

Key Dates

Date	Description
06/22/2020	Original Schedule 13D filed with the SEC.
05/02/2025	Date as of which 28,775,000 shares of Common Stock were outstanding, as reported in the Issuer's Quarterly Report on Form 10-Q.
05/07/2025	Date the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, was filed with the SEC.
06/12/2025	Date of event which requires filing of this statement (share sales).
06/16/2025	Date Amendment No. 6 was signed by the Reporting Persons.

Recommendation

hold

Keywords

Bristow Group Inc., Solus Alternative Asset Management, Schedule 13D, Common Stock, Share Ownership, SEC Filing, Share Sales, Beneficial Ownership, Investment Management

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