Financing ·
AAR Corp. launches $1.915B senior notes offering to fund MRO Holdings acquisition
AIRAar Corp
AAR Corp. distributed a confidential preliminary offering memorandum for the proposed sale of $955 million in senior notes due 2031 and $960 million in senior notes due 2034. The private placement targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. Proceeds are intended to finance AAR's acquisition of a controlling interest in MRO Holdings, an aviation maintenance provider. The filing also references related financing activities including a PIPE offering and credit facility borrowings.