Reuters: Bankruptcy News: Hawker Beechcraft says has forbearance agreement

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Hawker Beechcraft says has forbearance agreement Mar 27th 2012, 21:47 NEW YORK, March 27 | Tue Mar 27, 2012 5:47pm EDT NEW YORK, March 27 (Reuters) - Hawker Beechcraft Inc said on Tuesday it has reached an agreement with certain lenders that will provide the company with about $120 million of additional liquidity. As part of the agreement, lenders holding about 70 percent of Hawker's bank debt have agreed to defer Hawker's obligations to make certain interest payments and have granted the company relief from some existing loan covenants. This forbearance agreement is scheduled to expire on June 29, the company said in a statement.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions