AAR increases size and extends maturity of revolving credit facility
AAR CORP. amended its unsecured revolving credit facility, increasing total commitments from $825 million to $1.375 billion and extending maturity from December 2027 to October 2031. The larger facility supports financing of AAR's previously announced pending acquisition of a controlling interest in MRO Holdings, with 100% of the prior bank group increasing commitments and two new banks joining.
Key figures
- Increase
- $550 million
- Revolver size
- $1.375 billion
- Prior commitment
- $825 million
- Maturity extended
- December 2027 to October 2031
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