Bracewell LLP is a leading law and government relations firm. Our knowledge of the commercial, legal and governmental challenges faced by clients across industries enables us to provide innovative solutions to facilitate transactions and resolve disputes.
At closing, existing Bristow shareholders will own 77 percent of the equity of the combined company, which will be named Bristow, and Era shareholders will own 23 percent. Bristow is a Houston-based provider of offshore oil and gas transportation, search and rescue, and aircraft support services to government and civil organizations. Era is a Houston-based helicopter operator, serving as a helicopter transport operator in the United States and providing helicopters and related services in other countries.
The restructuring transaction will be financed by a debtor-in-possession (DIP) financing facility of $2.81 billion. The company also has secured committed exit financing of over $2.4 billion in letter of credit facility capacity and will emerge from Chapter 11 with approximately $500 million in funded debt.
As we celebrate the sixth anniversary of our all-energy London team, we would like to take this opportunity to thank our Bracewell clients and friends with whom we have worked during 2019.
Bracewell’s Oil & Gas Regulatory Group handled numerous important projects for industry leaders this past year. Take a look at the group's top 10 highlights from 2019.
“Bracewell as a firm, in my opinion, can’t be beat. They combine a powerful bench with wonderful client service and attention to detail. I trust that when working with their attorneys, I get sound legal advice quickly from people who are invested in my company’s success.”
Chambers USA, 2019
Did You Know?
Bracewell individual recommendations by The Legal 500 United States for 2019
Bracewell individual rankings by Chambers USA in 2019
Bracewell lawyers recognized by Chambers Global in 2019