AAR CORP (AIR): debt financing — 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.

Key facts

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 senior notes of $150,000,000 aggregate principal amount with Wilmington Trust, National Association at 6.750% per annum maturing March 15, 2029.

Instrument: senior notes
Principal: $150,000,000 aggregate principal amount
Counterparty: Wilmington Trust, National Association
Rate: 6.750% per annum
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

6.750% Senior Notes due 2029 On August 14, 2025, AAR CORP. (the “Company”), a Delaware corporation, issued $150,000,000 aggregate principal amount of its 6.750% Senior Notes due 2029 (the “Additional Notes”).

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Source: SEC EDGAR

accession 0001104659-25-078742

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