AAR plans $1.92 billion note offering to fund MRO Holdings acquisition

• AAR plans to offer $955 million of senior notes due 2031 and $960 million due 2034 to help finance its MRO Holdings acquisition.
• The transaction covers a 65% stake for $2.6 billion, valuing MRO Holdings at approximately $4 billion including debt.
• Consideration comprises $1.82 billion in cash and $780.8 million in Series A Preferred Stock under the September 28, 2026 agreement.
• Additional financing includes approximately $231.6 million from a common stock placement and $230 million in revolving credit borrowings.
• An intercompany loan of up to $1.35 billion will refinance MRO Holdings' existing credit agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AAR Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-120932), on November 02, 2026, and is solely responsible for the information contained therein.