{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-029986","form_type":"8-K","ticker":"AIR","cik":"0000001750","company_name":"AAR CORP","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.393762+00:00","generated_at":"2026-06-05T05:41:18.063442+00:00","sec_items":["1.01","2.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"AAR completes $725M acquisition of Triumph Group's Product Support business","bullets":["Acquisition closed March 1, 2024 for $725 million in cash, subject to customary adjustments.","Financed with $550 million of 6.750% Senior Notes due 2029 and borrowings under amended credit facility.","Revolving credit facility upsized from $620 million to $825 million; AAR drew approximately $186.2 million.","Acquisition adds over 700 team members and expands AAR's repair capabilities and APAC footprint.","Notes issued by Escrow Issuer, then merged into AAR; guaranteed by domestic subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-029986","json":"https://secwatch.observer/filing/0001104659-24-029986.json","markdown":"https://secwatch.observer/filing/0001104659-24-029986.md","text":"https://secwatch.observer/filing/0001104659-24-029986.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/0001104659-24-029986-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/tm246820d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:41:18.063442+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"065e2713868c51f0fe622158efb527ecaec96da4","claim":"AAR CORP incurred senior notes of $550,000,000 aggregate principal amount with Wilmington Trust, National Association at 6.750% per annum maturing March 15, 2029.","evidence_excerpt":"issued $550,000,000 aggregate principal amount of its 6.750% Senior Notes due 2029 (the \"Notes\") to fund a portion of the purchase price for the Triumph Group Product Support Business Acquisition","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/0001104659-24-029986-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$550,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"6.750% per annum"},{"label":"Maturity","value":"March 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9eef57555b44d99eadf8022a934edbc3207b2ea8","claim":"AAR CORP amended revolving credit of $825.0 million with Wells Fargo Bank, N.A. at 250 basis points (in the case of SOFR loans) and 150 basis points (in the case o.","evidence_excerpt":"the Revolver Amendment (i) increased the aggregate commitments under the Amended Revolving Credit Facility to $825.0 million, (ii) increased the maximum leverage ratio permitted under the financial covenants applicable to the Amended Revolving Credit Facility and (iii) included an additional pricing level that will increase the interest rate margins on the Amended Revolving Credit Facility to 250 basis points (in the case of SOFR loans) and 150 basis points (in the case of Base Rate loans) if the Company’s adjusted total debt to EBITDA ratio exceeds 3.75:1.00","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/0001104659-24-029986-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$825.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A."},{"label":"Rate","value":"250 basis points (in the case of SOFR loans) and 150 basis points (in the case o"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"f11a4b2152f3c62b4df73e283977941757d3acc3","claim":"AAR CORP incurred revolving credit of approximately $186.2 million.","evidence_excerpt":"the Company borrowed approximately $186.2 million under the Amended Revolving Credit Facility to fund a portion of the purchase price for the Triumph Group Product Support Business Acquisition","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/0001104659-24-029986-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"approximately $186.2 million"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"84f3809c02cc4a4ec011d680bf89a34cfa54be07","claim":"AAR CORP completed an acquisition involving Triumph Group, Inc. and other sellers for $725.0 million (closed 2024-03-01).","evidence_excerpt":"On March 1, 2024, the Company completed the Triumph Product Support Business Acquisition pursuant to the SAPA for a purchase price of $725.0 million, subject to customary adjustments as set forth in the SAPA.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/0001104659-24-029986-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Triumph Group, Inc. and other sellers"},{"label":"Consideration","value":"$725.0 million"},{"label":"Closing","value":"2024-03-01"}],"fact_type":"ma_transaction"},{"claim_id":"02e440cdc456aa48ca08f20ec5f27dba9dd28c6d","claim":"AAR CORP amended Amended Revolving Credit Facility with Wells Fargo Bank, N.A. valued at Amendment increased aggregate commitments to $825.0 million, borrowed $186.2 million (effective 2024-03-01).","evidence_excerpt":"On March 1, 2024, the Company entered into an amendment (the “Revolver Amendment”) to the Credit Agreement, dated as of December 14, 2022, among the Company, as borrower, the lenders from time to time party thereto and Wells Fargo Bank, N.A., as administrative agent, which governs the Company’s existing revolving credit facility (the revolving credit facility as amended by the Revolver Amendment, the “Amended Revolving Credit Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/0001104659-24-029986-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A."},{"label":"Value","value":"Amendment increased aggregate commitments to $825.0 million, borrowed $186.2 million"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"},{"claim_id":"5f5847c927a12d1c182ef7b9645c859172b1e6a4","claim":"AAR CORP entered into Base Indenture, First Supplemental Indenture, and 6.750% Senior Notes due 2029 with Wilmington Trust, National Association valued at $550,000,000 aggregate principal amount (effective 2024-03-01).","evidence_excerpt":"On March 1, 2024, AAR Escrow Issuer, LLC (the “Escrow Issuer”), a Delaware limited liability company and wholly owned subsidiary of the Company, issued $550,000,000 aggregate principal amount of its 6.750% Senior Notes due 2029 (the “Notes”) to fund a portion of the purchase price for the Triumph Group Product Support Business Acquisition (the “Note Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750/000110465924029986/0001104659-24-029986-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Value","value":"$550,000,000 aggregate principal amount"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}