AAR Corporation Announces $150 Million Add-On Offering of 6.750% Senior Notes Due 2029
Reuters
Aug 11
AAR Corporation Announces $150 Million Add-On Offering of 6.750% Senior Notes Due 2029
AAR Corporation has announced a proposed add-on offering of $150 million in 6.750% senior notes due 2029. These Additional Notes will be issued under an existing indenture dated March 1, 2024, which previously covered $550 million of senior notes with the same interest rate and maturity date. The offering is subject to market conditions and other factors. AAR intends to use the net proceeds from this offering to repay outstanding borrowings under its unsecured revolving credit facility and cover related fees and expenses. The Notes and related guarantees are being offered only to qualified institutional buyers and certain non-U.S. persons in offshore transactions, as they are not registered under the Securities Act of 1933.
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