AAR prices offering of $955 million of 7.125% senior notes due 2031 and $960 million of 7.375% senior notes due 2034
Key Highlights
- ➤AAR prices $955 million of 7.125% senior notes due 2031
- ➤AAR prices $960 million of 7.375% senior notes due 2034
- ➤Offering proceeds will fund cash consideration and refinancing for MRO Holdings acquisition
- ➤AAR will issue approximately $780.8 million in equity as acquisition consideration
- ➤Offering expected to close November 17, 2026, subject to customary conditions
AAR prices offering of $955 million of 7.125% senior notes due 2031 and $960 million of 7.375% senior notes due 2034 PR Newswire
WOOD DALE, Ill., Nov. 2, 2026 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), the leading parts, repair, and software platform in the aviation aftermarket, announced today that it has successfully priced its offering (the "offering") of $955 million aggregate principal amount of 7.125% senior notes due 2031 (the "2031 Notes") and $960 million aggregate principal amount of 7.375% senior notes due 2034 (the "2034 Notes" and, together with the 2031 Notes, the "Notes"). The 2031 Notes will bear interest at a fixed annual rate of 7.125% and will mature on November 15, 2031, and the 2034 Notes will bear interest at a fixed annual rate of 7.375% and will mature on November 15, 2034. The offering is expected to close on November 17, 2026, subject to customary closing conditions.
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