Bristow Files for Chapter 11 Proceedings; Lenders Commit to $75MM DIP

Bristow Group has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Its lenders provided a commitment for $75 million in debtor-in-possession financing that would be available upon Court approval.

Highbridge, Others provide $112MM A. M. Castle Facilities

A. M. Castle closed an agreement for new $112 million secured term credit facilities with Highbridge Capital, Whitebox Advisors, Corre Partners and Wolverine Asset Management.