Hawker Beechcraft $124.5 million loan priced at Libor plus 1,200 bps

By Sara Rosenberg

New York, April 2 - Hawker Beechcraft Inc.'s new $124.5 million senior tranche term loan due June 29 is priced at Libor plus 1,200 basis points with a 2% Libor floor, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Proceeds will be used to fund ongoing operations.

Of the total amount, $16 million will solely be used to cash collateralize letters of credit.

Hawker Beechcraft is a Wichita, Kan.-based manufacturer of business, special mission, light attack and trainer aircraft.

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