Hawker Beechcraft Inc. said that it has struck a deal for $600 million in exit financing from lenders led by JPMorgan Chase & Co. to take it out of chapter 11 protection, Dow Jones Daily Bankruptcy Review reported yesterday. In court papers filed on Friday, the aircraft manufacturer asked a bankruptcy judge to let it commit to the financing deal with J.P. Morgan "as soon as possible." Hawker hopes to emerge from chapter 11 protection by the end of March. J.P. Morgan, which beat out three other rival lenders, 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.
