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AAR Prices Offering of $955 Million of 7.125% Senior Notes Due 2031 and $960 Million of 7.375% Senior Notes Due 2034

On Monday, AAR CORP., the leading parts, repair, and software platform in the aviation aftermarket, priced $955 million of 7.125% senior notes due 2031 and $960 million of 7.375% senior notes due 2034.
AAR intends to use proceeds from the offering, combined with common stock placement and credit facility borrowings, to finance its pending acquisition of MRO Holdings, Inc.
If the acquisition is not finalized before the offering closes, proceeds will be held in "Escrow Accounts" and the notes will be subject to special mandatory redemption at initial issue price.
The offering is expected to close on November 17, 2026, subject to customary closing conditions, with AAR targeting that date to finalize the transaction structure.
Proceeds will refinance MRO Holdings' existing credit agreement, terminating all commitments and releasing liens securing those obligations, streamlining the acquired company's debt structure.

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AAR prices offering of $955 million of 7.125% senior notes due 2031 and $960 million of 7.375% senior notes due 2034

WOOD DALE, Ill., Nov. 2, 2026 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), the leading parts, repair, and software platform in the aviation aftermarket, announced today that it has successfully priced its offering (the "offering") of $955…

10 days ago

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AAR Proposes Two Note Series That Total $1.915 Billion for MRO Deal

The proposed notes are due in 2031 and 2034. AAR plans to use the proceeds with stock-placement proceeds and revolving-credit borrowings to help fund its acquisition.

10 days ago

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