WICHITA, Kan., Jan. 31 /PRNewswire/ — 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.
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.
SOURCE Hawker Beechcraft Acquisition Company, LLC