Hawker Beechcraft Inc. wants to extend the terms of its debtor-in-possession loan as the aircraft maker moves forward with its chapter 11 reorganization, Dow Jones Newswires reported yesterday. In court filing on Monday, Hawker said that most of the lenders on its $400 million bankruptcy loan have agreed to push back until late February the date by which Hawker must be out of bankruptcy. Without the compromise and a judge's approval, the lenders would be allowed to back out of the loan. In exchange for pushing back the expiration date of the loan to Feb. 28, Hawker will pay more fees to the lenders, a group that includes hedge-fund managers Centerbridge Partners, Angelo, Gordon & Co., Capital Research & Management and Bain Capital'sSankaty Advisors. Those investors plan to own a controlling stake in Hawker after it emerges from bankruptcy.
