J.P. Morgan to Arrange Bankruptcy-Exit Financing for Hawker
Dow Jones reported that Hawker Beechcraft said it has struck a deal for $600 million in exit financing from lenders led by J.P. Morgan Chase to take it out of Chapter 11 protection.
The article said that J.P. Morgan would underwrite, structure, arrange and syndicate the exit financing: a $375 million senior secured term loan, which would mature in seven years, and a $225 million secured revolving loan, which would mature in five years.
To read the full Dow Jones article, click here.
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