AAR CORP has successfully priced its offering of $550 million aggregate principal amount of 6.750% senior notes due 2029. The offering was upsized to $550 million from the original offering size of $500 million in aggregate principal amount. The Notes will bear interest at a fixed annual rate of 6.750% and will mature on March 15, 2029. The offering is expected to close on March 1, 2024, subject to customary closing conditions.
The Company intends to use the net proceeds of the senior notes offering to fund a portion of the purchase price for its pending acquisition of Triumph Group’sProduct Support business.
