Creditors to Take Over Hawker Beechcraft After Sale Collapses



Hawker Beechcraft has filed an amended restructuring plan after its sale to Superior Aviation Beijing fell through. Now the creditors will take over the business jet manufacturer.

Creditors include Centerbridge Partners, Angelo Gordon & Co., Sankaty Advisors and Capital Research & Management, a Bloomberg/BusinessWeek article said. The amended plan swaps debt for equity.

The amended plan is supported by a majority of the company’s noteholders and creditors.

To read the Bloomberg/BusinessWeek article click here.

Previously on monitordaily: Hawker Intends to Emerge From Chapter 11 as Standalone, published October 19, 2012


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com