Hawker Beechcraft plans $1.8 billion credit facility

By Sara Rosenberg and Paul A. Harris

New York, Feb. 16 - Hawker Beechcraft Corp. is planning on coming to market with a $1.8 billion credit facility, according to a market source.

Goldman Sachs, Credit Suisse and Lehman are the lead banks on the deal, with Goldman the left lead.

Proceeds from the credit facility, along with $1.2 billion of senior subordinated notes and $1.06 billion of sponsor equity, will be used to fund the acquisition of Raytheon Aircraft Services, Ltd., the aviation division of Raytheon Co., by Onex Corp. and GS Capital Partners.

Hawker Beechcraft is a Wichita, Kan., manufacturer of business jet, turboprop, piston-driven and military training aircraft.

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