Hawker Beechcraft Plan Would Convert Debt To Equity

Law360, New York (July 2, 2012, 7:18 PM EDT) -- Citing support from its senior lenders and holders of senior notes, bankrupt aircraft manufacturer Hawker Beechcraft Inc. filed a Chapter 11 reorganization plan in a New York bankruptcy court Monday that would convert all senior debt to equity.

According to the disclosure statement outlining the terms of the plan, it calls for a consensual deleveraging transaction that would equitize the claims of the senior credit facility lenders and senior noteholders and reduce Hawker's total debt from about $2.6 billion to an amount to be determined later....
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