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AAR prices add-on offering of $150 million of senior notes due 2029
AAR CORP. priced $150 million in additional senior notes at 6.75% interest to repay revolving credit borrowings, expanding its 2029 debt by nearly 27%, company said.
- On Aug. 11, 2025, AAR CORP. priced $150 million of 6.750% senior notes due 2029 at 102.000% in Wood Dale, Ill.
- Offered as add-ons under the indenture dated March 1, 2024, the Additional Notes augment $550.0 million of existing 6.7500% senior notes.
- Pricing details show the notes issued at 102.000% of principal, plus accrued interest from March 15, 2025, for a 6.119% yield.
- The company is expected to use net proceeds to repay its unsecured revolving credit facility and pay offering fees.
- The offering is expected to close on August 14, 2025, with distribution limited to qualified institutional buyers under Rule 144A and Regulation S.
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AAR prices add-on offering of $150 million of senior notes due 2029
WOOD DALE, Ill., Aug. 11, 2025 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has successfully priced its offering of…
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Total News Sources43
Leaning Left2Leaning Right0Center21Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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