AAR Corp commences private financing for Triumph acquisition; HSR clears; Russian judgment reversed

AAR CORP

Commencing private financing of $500M permanent debt; $527.8M drawn under Amended Revolving Credit Facility.
HSR waiting period for Triumph acquisition expired Feb 8, 2024 without FTC action.
Russian Court of Cassation reversed $13M judgment against AAR, remanding VIM-AVIA clawback suit.
Pro forma balance sheet as of Nov 30, 2023: goodwill $350.9M, intangible assets $209.7M.
Filed audited financials of Triumph Product Support Business for year ended Mar 31, 2023.

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