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Hawker Beechcraft says its closer to getting out of bankruptcy

4 years 3 months 1 day ago January 25, 2013 Jan 25, 2013 Friday, January 25 2013 January 25, 2013 6:47 PM in News
Source: Associated Press
By: Michael Marsh

A company Louisiana tried to lure to Baton Rouge says its proposed bankruptcy reorganization plan is backed by key creditors. Aircraft manufacturer Hawker Beechcraft says that moves the company closer to exiting bankruptcy and It goes to court next week to seek approval to emerge from Chapter 11 next month. Hawker Beechcraft also says it secured an underwriting commitment for $600 million in exit financing in the form of a loan plus a revolving line of credit from JPMorgan Chase Bank and Credit Suisse AG.

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