AAR Corp. Announces $150 Million Senior Notes Offering for Aviation Services Expansion
AAR Corp. Announces $150 Million Senior Notes Offering
AAR CORP. (NYSE: AIR), recognized as a leading figure in aviation services for both commercial and government sectors, has recently unveiled its intention to offer $150 million in 6.750% senior notes, maturing in 2029. This financing initiative is designed as an add-on to an existing $550 million offering, which initially launched in March 2024.
The company, headquartered in Wood Dale, Illinois, operates across four key segments: Parts Supply, Repair Engineering, Integrated Solutions, and Expeditionary Services. AAR Corp. aims to use the net proceeds from this proposed bond issue to manage its outstanding debts under an unsecured revolving credit facility, along with covering fees and expenses related to the offering. This strategic financial maneuver underscores the company's commitment to maintaining a robust operational base while preparing for future growth opportunities.
The Significance of the Senior Notes Offering
The senior notes being offered have not been registered under the Securities Act of 1933, nor under any state security laws, which means they will only be sold to
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