Platinum-Backed Incora Gets $110 Million of Bankruptcy Financing

Platinum Equity’s Wesco Aircraft Holdings Inc., which does business as Incora, won access to $110 million of fresh cash to help fund its bankruptcy over the objections of some creditors.

US Bankruptcy Judge David R. Jones in a Thursday hearing said he would allow the aerospace supply company to borrow $110 million from Pacific Investment Management Co. and Silver Point Capital on an interim basis. Jones overruled some Incora noteholders who said the new debt’s terms are unfair to them.

The objections primarily came from creditors holding notes due 2024 and 2026 who are suing Incora owner Platinum Equity ...