Hawker receives $120 million loan to "recapitalize," CEO says

03/28/2012 | Bloomberg

Hawker Beechcraft has negotiated a deal with lenders for a $120 million loan to allow the aircraft manufacturer time to restructure. "The agreement provides Hawker Beechcraft and its lenders with additional time and flexibility to work together to recapitalize the company," said CEO Steve Miller. Hawker Beechcraft will defer interest payments until June 29, and also had some loan covenants waived.

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