AAR Corp. successfully priced an offering of $150 million aggregate principal amount of 6.750% senior notes due 2029.
The offering is expected to close on August 14, 2025, subject to customary closing conditions.
Net proceeds from the offering will be used to repay outstanding borrowings and pay fees and expenses.
Offering Details
$150 million of 6.750% senior notes due 2029 priced at 102.000% of principal amount with a yield to maturity of 6.119%.
Use of Proceeds
Repay outstanding borrowings under the unsecured revolving credit facility and cover fees and expenses incurred.
Regulatory Compliance
Notes and related guarantees will be offered and sold only to qualified institutional buyers and certain non-U.S. persons in accordance with regulations.
- AAR Corp. aims to strengthen its financial position by reducing outstanding borrowings through the offering.
- The successful pricing of the senior notes can enhance liquidity and support future growth initiatives.
The additional senior notes offering represents a strategic move by AAR Corp. to optimize its capital structure and support its operational needs.