Hawker Beechcraft files with SEC to de-register bondsMolly McMillin
Air Capital Insider
Hawker Beechcraft has filed a form 15-D to de-register bonds with the Securities and Exchange Commission.
That means the bonds will no longer be registered with the commission.
And it means Hawker Beechcraft will no longer be required to disclose its financial results with the SEC every three months.
That’s a positive move for the company, said one analyst who did not want to be named because he is not allowed to speak publicly for his company.
It saves money and time and no longer provides its competitors with information about the company, he said.
Filing obligations to the SEC can be suspended when the company has fewer than 300 shareholders of the class of securities offered, or fewer than 500 shareholders of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years, according to the SEC’s website.
Hawker Beechcraft filed its 10K annual report for 2011 on April 13.
The company applied to de-register its 8.5 percent fixed rate notes due 2015; 8.875 percent/9.625 percent senior PIK-election notes due 2015; and 8.75 percent senior subordinated notes due 2017, the filing said.
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