AAR to Offer Approximately $1.92 billion of Senior Notes to Fund MRO Holdings Acquisition

08:31 AM EST, 11/02/2026 (MT Newswires) -- AAR (AIR) said Monday that it plans to offer $955 million in senior notes due 2031 and $960 million in senior notes due 2034. The company said it intends to use the net proceeds from the proposed offering, together with net proceeds from a previously announced private placement of 2,215,791 shares and borrowings under its revolving credit facility, to buy a controlling stake in MRO Holdings. Part of the funds will be used to make an intercompany loan to MRO Holdings to refinance its existing credit agreement debt and pay acquisition- and financing-related premiums, fees and expenses, working capital and other general corporate purposes, the company said. AAR also said it will issue equity with an agreed value of approximately $780.8 million as partial consideration for the acquisition.