Incora to Exit Chapter 11 After Feuding Creditors End Challenges

Aerospace supplier Incora won court permission to exit bankruptcy after announcing that its top creditors have agreed to support a restructuring after years of acrimony over an infamous financing maneuver that pitted lenders against each other.

Lawyers representing Silver Point Capital, bond giant Pacific Investment Management Co., JPMorgan Chase & Co., BlackRock Inc. and other creditors said Friday they would support Incora’s Chapter 11 plan following weeks of negotiations. Other creditors also agreed not to oppose the restructuring, Incora lawyer Andrew Leblanc said during a Texas court hearing.

It will still be several weeks before Incora emerges ...