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AAR Raises Revolving Credit Facility to $1.375 Billion and Extends Maturity to October 2031

Why It MattersLarger, longer-dated bank financing at an aircraft-maintenance provider signals capital being lined up for consolidation in the aviation MRO and aftermarket services segment.

AAR CORP. (NYSE: AIR) has amended its revolving credit facility, raising total commitments from $825 million to $1.375 billion, an increase of $550 million, and extending the maturity from December 2027 to October 2031. The amended facility remains unsecured and helps finance AAR's previously announced pending acquisition of a controlling interest in MRO Holdings.

AAR Raises Revolving Credit Facility to $1.375 Billion and Extends Maturity to October 2031

Dylan Wolin, AAR's Senior Vice President and Chief Financial Officer, said the larger size, added financial flexibility and longer maturity give AAR the means to support its growth strategy.

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AAR Expands Revolving Credit Facility to $1.375 Billion and Extends Term Five Years — TradingView Newstradingview.com
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