AAR CORP (AIR) Form 8-K — Oct 26, 2026
$AIRForm 8-KItems 1.01, 2.03, 7.01, 9.01Filed Oct 26, 2026, 9:34 AM ET0001104659-26-118655Original filing
AAR CORP amended its revolving credit facility on October 23, 2026, increasing aggregate commitments by $550.0 million to $1,375.0 million and extending maturity to October 23, 2031. The amendment loosened financial covenants (maximum leverage ratio raised to 5.50x with step-downs, minimum interest coverage lowered to 2.00x) and repriced borrowings to SOFR plus 125-225 basis points based on leverage.
Key figures
- Interest Rate
- SOFR + 125-225 bps (or base rate + 25-125 bps)
- Maturity Date
- October 23, 2031
- Max Leverage Ratio
- 5.50 to 1.00
- Commitment Increase
- 550000000
- Aggregate Commitments
- 1375000000
- Letter Of Credit Sublimit
- 80000000
- Min Interest Coverage Ratio
- 2.00 to 1.00
- Mroh acquisition
- controlling interest in MRO Holdings, Inc.
- Uplift acquisition equity range
- 65%-70%
AI analysis
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