AAR prices $500 million senior notes offering; amends revolver

AAR has priced and upsized its offering of five year senior notes. The $550 million notes offering – upsized from $500 million – is priced at 6.750%. The company intends to use the note net proceeds to fund a portion of the purchase price of its pending acquisition of Triumph Group’s product support business. Concurrently with the offering, AAR has also announced that it intends to amend its revolving credit facility to increase the lending commitments from $620 million to $795 million. AAR plans to fund the balance of the acquisition cost with cash on hand and borrowings under the