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The company says it will seek court approval to exit bankruptcy at a hearing Thursday and expects to emerge from Chapter 11 in February.
It also said it has secured an underwriting commitment for $600 million in exit financing consisting of a term loan and revolving line of credit from JPMorgan Chase Bank and Credit Suisse AG.
Hawker Beechcraft Inc. CEO Robert "Steve" Miller said in a news release that the show of support from creditors will dramatically reduce the company's debt load, while the financing commitment marks an important milestone as the company emerges from restructuring.