Hawker Beechcraft Corp., the jet maker part-owned by Goldman Sachs Group Inc., hired Perella Weinberg Partners LP as it seeks an amendment to the terms of its revolving credit line.
"We are entering a phase of our business during which we will likely need to address our revolving credit agreement which was last amended more than two years ago," Nicole Alexander, a spokeswoman for the company, said in an e-mailed statement.
Hawker Beechcraft is close to violating the terms of its loans, which require its cash flow to grow, as the weakening global economy cuts demand for its business jets and its liquidity slides. It's in the interest of the Wichita, Kansas- based company's lenders to agree to loosen the covenants, according to Sam Goodyear, an analyst at CreditSights Inc. in New York.
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