Posted: Jan 25, 2013 7:47 PM by Michael Marsh
Updated: Jan 25, 2013 7:47 PM
Source: Associated Press
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.