AAR Corp. Announces Pricing for Public Offering of 3 Million Shares

On September 30, 2025, AAR CORP., a prominent player in the aviation services sector, unveiled the pricing details for its public offering of common stock. This move is seen as a significant step in the company's financial strategy, aimed at bolstering its market position further.

Public Offering Details

AAR has set the public offering price at $83.00 per share, for a total of 3,000,000 shares being offered. The public offering, which is being underwritten, also includes a 30-day option for underwriters to acquire an additional 450,000 shares. The company anticipates the net proceeds from this offering, following the deduction of underwriting discounts and commissions, to be approximately $239 million. If the underwriters fully exercise their option, the total proceeds could rise to around $274.9 million.

Shares are set to be delivered around October 2, 2025, contingent upon standard closing conditions being met.

Intended Use of Proceeds

The funds generated from this public offering are earmarked primarily for repaying outstanding borrowings on AAR's unsecured revolving credit facility. Furthermore, the cash may also be utilized for various corporate purposes, including financing potential future acquisitions. Such strategic financial maneuvering is aimed at enhancing AAR’s growth trajectory and operational capacity.

Underwriters in the Spotlight

Goldman Sachs & Co. LLC, Jefferies, and RBC Capital Markets are taking on the roles of joint lead book-running managers for this offering. Other firms, such as BofA Securities, Truist Securities, and Wells Fargo Securities, are also stepping into joint book-running management responsibilities. Additionally, the co-managers include a selection of reputable firms such as The Benchmark Company, CIBC Capital Markets, and PNC Capital Markets, showcasing the robust financial backing behind the offering.

Regulatory Compliance

This offering aligns with a shelf registration statement that was previously filed with the Securities and Exchange Commission (SEC) on July 19, 2023. It is essential to note that this public offering will only proceed based on a prospectus supplement and accompanying base prospectus. Both preliminary and final prospectus supplements related to this offering will be available on the SEC's website. The official prospectus will detail all terms of the offering to ensure investor transparency and compliance with federal laws.

AAR’s Market Position

AAR, recognized globally for its innovative approach to aerospace and defense aftermarket solutions, operates across over 20 countries. The company, headquartered in the Chicago area, provides crucial support services to both commercial and government clients. Its operating segments include Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services, indicating a well-diversified service portfolio designed to meet the varying demands of its clients.

As AAR embarks on this significant financial decision, the market eagerly anticipates how these moves will influence not only the company’s stability but also its ability to seize future opportunities in the aviation sector.

Conclusion

With this strategic stock offering, AAR is positioning itself to strengthen its market presence while enhancing its operational capabilities. Investors and analysts alike are watching closely to gauge the successful outcome of this initiative and its potential impact on AAR's long-term resilience and growth in the dynamic aerospace industry.