AAR prices $550M senior notes [Seeking Alpha]
AAR Corp. (AIR)
Last aar corp. earnings: 3/24 04:05 pm
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US:NYSE Investor Relations:
aarcorp.gcs-web.com/investor-overview
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Source: Seeking Alpha
The offering was upsized to $550M from the original offering size of $500M in aggregate principal amount of notes. The notes will bear interest at a fixed annual rate of 6.750% and will mature on March 15, 2029. The offering is expected to close on March 1, 2024. Net proceeds of the senior notes offering to fund a portion of the purchase price for its pending acquisition of Triumph Group's ( TGI ) Product Support business. If the senior notes offering closes prior to the consummation of the Triumph Product Support Acquisition, the gross proceeds will be deposited into an escrow account for the benefit of the holders until the date on which certain escrow conditions are satisfied, including the closing of the Triumph Product Support Acquisition, and the notes will be subject to a special mandatory redemption at a price equal to 100%. Recommended For You AIR - AAR Corp. Recommended For You About AIR Stock Related Stocks Trending Analysis Trending News
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AIR
News
- Global Commercial Aircraft Aftermarket Parts Market Projected to Reach US$ 69.5 Billion by 2032, Driven by Travel Demand, Aircraft Leasing, and Stringent Aviation Regulations [Yahoo! Finance]Yahoo! Finance
- AAR Corp. (NYSE: AIR) had its price target raised by analysts at Benchmark Co. from $65.00 to $83.00. They now have a "buy" rating on the stock.MarketBeat
- AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products [Yahoo! Finance]Yahoo! Finance
- AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision ProductsPR Newswire
- AAR awarded Supplier of the Year by Atlas Air Worldwide [Yahoo! Finance]Yahoo! Finance
AIR
Earnings
- 3/21/24 - Beat
AIR
Sec Filings
- 4/11/24 - Form 4
- 4/9/24 - Form 144
- 4/4/24 - Form 4
- AIR's page on the SEC website