Hawker Beechcraft Acquisition Company, LLC and Hawker Beechcraft Notes Company Announce Extension of Exchange Offer

Share Article

Hawker Beechcraft Acquisition Company, LLC and its wholly-owned subsidiary, Hawker Beechcraft Notes Company (collectively, the “Company”) announced today the extension of the Company’s offer to exchange (1) up to $400 million aggregate principal amount of its 8.5 percent Senior Fixed Rate Notes due in 2015 for an equal principal amount of its new 8.5 percent Senior Fixed Rate Notes due in 2015 that have been registered under the Securities Act of 1933, as amended (the “Securities Act”), (2) up to $400 million aggregate principal amount of its 8.875 percent/9.625 percent Senior PIK-Election Notes due in 2015 for an equal principal amount of its new 8.875 percent/9.625 percent Senior PIK-Election Notes due in 2015 that have been registered under the Securities Act, and (3) up to $300 million aggregate principal amount of its 9.75 percent Senior Subordinated Notes due in 2017 for an equal amount of its new 9.75 percent Senior Subordinated Notes due in 2017 that have been registered under the Securities Act.

Hawker Beechcraft (http://www.hawkerbeechcraft.com ) Acquisition Company, LLC and its wholly-owned subsidiary, Hawker Beechcraft Notes Company (collectively, the “Company”) announced today the extension of the Company’s offer to exchange (1) up to $400 million aggregate principal amount of its 8.5 percent Senior Fixed Rate Notes due in 2015 for an equal principal amount of its new 8.5 percent Senior Fixed Rate Notes due in 2015 that have been registered under the Securities Act of 1933, as amended (the “Securities Act”), (2) up to $400 million aggregate principal amount of its 8.875 percent/9.625 percent Senior PIK-Election Notes due in 2015 for an equal principal amount of its new 8.875 percent/9.625 percent Senior PIK-Election Notes due in 2015 that have been registered under the Securities Act, and (3) up to $300 million aggregate principal amount of its 9.75 percent Senior Subordinated Notes due in 2017 for an equal amount of its new 9.75 percent Senior Subordinated Notes due in 2017 that have been registered under the Securities Act.

The exchange offer is now scheduled to expire on Monday, February 4, 2008, at 5:00 p.m., Eastern Time, unless further extended by the Company. As of January 31, 2008, at 5:00 p.m., Eastern Time, approximately $397.4 million of the outstanding 8.5 percent Senior Fixed Rate Notes, $400.0 million of the outstanding 8.875 percent/9.625 percent Senior PIK-Election Notes and approximately $299.4 million of the outstanding 9.75 percent Senior Subordinated Notes had been tendered in the exchange offer.

Requests for a prospectus and a letter of transmittal in connection with the exchange offer for the 8.5 percent Senior Fixed Rate Notes due in 2015, 8.875 percent/9.625 percent Senior PIK-Election Notes due in 2015 or the exchange offer for the 9.75 percent Senior Subordinated Notes due in 2017 should be directed to the exchange agent, Wells Fargo Bank, N.A., at (800) 344-5128.

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

Statements made in this news release that state Hawker Beechcraft's or its management's intentions, beliefs, expectations, or predictions for the future constitute "forward looking statements" as defined by federal securities laws, which involve significant risks and uncertainties. Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations. The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets, as well as those risk factors described in our filings with the SEC.

Press Contacts:
Jackie Berger
+1.316.708.4448

Andrew Broom
+1.316.676.8674

http://www.hawkerbeechcraft.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jackie Berger

Andrew Broom

Media