debt
confidence high
sentiment neutral
materiality 0.60
AAR Corp issues $150M of 6.750% Senior Notes due 2029 at 102% of par
AAR CORP
- $150M additional notes priced at 102.000% of principal, yield 6.119%, plus accrued interest from March 15, 2025.
- Proceeds to repay outstanding borrowings under unsecured revolving credit facility and pay offering fees/expenses.
- Notes are part of same series as $550M existing 6.750% notes due March 15, 2029; terms substantially identical.
- Interest 6.750% per annum, payable semiannually on March 15 and September 15; maturity March 15, 2029.
- Offering expected to close August 14, 2025, subject to customary conditions.
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