What Happened
Aerospace Aftermarket Solutions Provider Secures Financing For MRO Holdings Acquisition
AAR CORP., a leading global aerospace and defense aftermarket solutions company, has successfully priced its offering of $1.915 billion aggregate principal amount of senior notes. The offering consists of $955 million of 7.125% senior notes due 2031 and $960 million of 7.375% senior notes due 2034. The company intends to use the net proceeds from the offering to fund its pending acquisition of MRO Holdings, Inc., as well as for other general corporate purposes. The offering is expected to close on November 17, 2026, subject to customary closing conditions. This development was first reported by PR Newswire.