AAR Corp (AIR) Prices $1.92 Billion in Senior Notes to Finance MRO Holdings Acquisition
AAR Corp (AIR) has announced the pricing of a $1.915 billion senior notes offering intended to fund its upcoming acquisition of a controlling interest in MRO Holdings. The debt issuance is split into two tranches: $955 million in 7.125% senior notes maturing in 2031, and $960 million in 7.375% senior notes maturing in 2034. The capital raised through this offering will provide the necessary liquidity to complete the strategic acquisition of MRO Holdings, strengthening AAR's position within the maintenance, repair, and overhaul sector. This move signals a significant expansion of the company's service capabilities and market footprint.
Tickers: $AIR
Topics: Acquisition Financing Senior Notes
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