Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AAR CORP incurred credit facility of $620 million with Wells Fargo Bank, N.A. at SOFR plus 112.5 to 200 basis points maturing December 14, 2027.
- Instrument
- credit facility
- Principal
- $620 million
- Counterparty
- Wells Fargo Bank, N.A.
- Rate
- SOFR plus 112.5 to 200 basis points
- Maturity
- December 14, 2027
- Event
- incurrence
Exact text from the filing
On December 14, 2022, AAR CORP. (the “Company”) entered into a credit agreement with various financial institutions, as lenders and Wells Fargo Bank, N.A., as administrative agent for the lenders (the “Credit Agreement”). The Credit Agreement creates a $620 million unsecured revolving credit facility that the Company can draw upon for working capital and general corporate purposes.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AAR CORP entered into Credit Agreement with Wells Fargo Bank, N.A., as administrative agent for the lenders valued at $620 million (effective 2022-12-14).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, N.A., as administrative agent for the lenders
- Value
- $620 million
- Effective
- 2022-12-14
Exact text from the filing
On December 14, 2022, AAR CORP. (the “Company”) entered into a credit agreement with various financial institutions, as lenders and Wells Fargo Bank, N.A., as administrative agent for the lenders (the “Credit Agreement”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AAR CORP terminated 2011 Credit Agreement with Bank of America, N.A., as administrative agent (effective 2022-12-14).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent
- Effective
- 2022-12-14
Exact text from the filing
On December 14, 2022, the Company terminated its credit agreement dated April 12, 2011, as amended, between the Company and various financial institutions, as lenders and Bank of America, N.A., as administrative agent (the “2011 Credit Agreement”).
View on SEC.gov