AAR announces proposed offering of $955 million of senior notes due 2031 and $960 million of senior notes due 2034

AAR CORP. announced a proposed offering of $955 million of senior notes due 2031 and $960 million of senior notes due 2034. Proceeds, together with a private placement of 2,215,791 shares and revolver borrowings, will fund the cash portion of the pending MRO Holdings acquisition, refinance MRO Holdings' existing debt, and cover fees and general corporate purposes. AAR will also issue equity with an agreed value of approximately $780.8 million as partial deal consideration.

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