AAR CORP. prices 3M-share offering at $83; net proceeds ~$239M to repay credit facility

AAR CORP

3,000,000 shares priced at $83.00 per share; underwriters have 30-day option for additional 450,000 shares.
Net proceeds of ~$239.0M ($274.9M if overallotment exercised) after underwriting discounts and expenses.
Proceeds to repay borrowings under unsecured revolving credit facility and for general corporate purposes, including M&A.
Offering closed on October 2, 2025, with full exercise of the underwriters' option.

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