AAR Corporation has announced the successful pricing of an add-on offering of $150 million in senior notes due 2029. These Additional Notes carry an interest rate of 6.750% and are being issued at a price of 102.000% of their principal amount, resulting in a yield to maturity of 6.119%. This recent offering follows the company's previous issuance of $550 million in senior notes under the same indenture dated March 1, 2024. The new offering is set to close on August 14, 2025, subject to customary closing conditions. The net proceeds are intended for repaying outstanding borrowings under AAR's unsecured revolving credit facility and covering fees and expenses related to the offering.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AAR Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-078742), on August 14, 2025, and is solely responsible for the information contained therein.