January 09, 2008
AAR CORP. Calls For Redemption of 2.875% Convertible Senior Notes
WOOD DALE, Ill., /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR) announced today that on February 12, 2008 (the "Redemption Date"), it will redeem in full the Company's 2.875% Convertible Senior Notes due February 1, 2024 (the "Notes"). The aggregate principal amount of the Notes outstanding is approximately $16.36 million.
On the Redemption Date, the Notes will be redeemed at a redemption price of 100.958% of the principal amount thereof, plus accrued and unpaid interest to the Redemption Date.
Alternatively, on or prior to 5:00 p.m., Eastern Time, on February 11, 2008, holders may elect to convert their Notes into shares of the Company's Common Stock at a conversion price of approximately $18.59 per share of Common Stock (which is equal to a conversion rate of approximately 53.7924 shares of common stock per $1,000 principal amount of Notes). Cash will be paid in lieu of fractional shares. The last reported sale price of the Company's Common Stock on the on the New York Stock Exchange, as of January 8, 2008, was $31.25 per share.
Any Notes not converted on or before 5:00 p.m. on February 11, 2008, will be automatically redeemed on February 12, 2008, after which interest will cease to accrue.
A Notice of Redemption is being mailed to all registered holders of the Notes. Copies of the Notice of Redemption may be obtained from the paying and redemption agent, U.S. Bank National Association by calling Mr. Richard Prokosch at 651-495-3918.
AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair & Overhaul; Structures & Systems and Aircraft Sales & Leasing. More information can be found at http://www.aarcorp.com.
CONTACT:
Richard J. Poulton, Vice President, Chief Financial Officer of AAR CORP.
+1-630-227-2075
rpoulton@aarcorp.com
Related news
See all
November 02, 2026
AAR announces proposed offering of $955 million of senior notes due 2031 and $960 million of senior notes due 2034
Wood Dale, Illinois — AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), the leading parts, repair, and software platform in the aviation aftermarket, announced today that it intends to offer (the “offering”), subject to market conditions and other factors, $955 million aggregate principal amount of senior notes due 2031 (the “2031 Notes”) and $960 million aggregate principal amount of senior notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “Notes”).
November 02, 2026
AAR prices offering of $955 million of 7.125% senior notes due 2031 and $960 million of 7.375% senior notes due 2034
Wood Dale, Illinois — AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), the leading parts, repair, and software platform in the aviation aftermarket, announced today that it has successfully priced its offering (the “offering”) of $955 million aggregate principal amount of 7.125% senior notes due 2031 (the “2031 Notes”) and $960 million aggregate principal amount of 7.375% senior notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “Notes”).
October 26, 2026
AAR increases size and extends maturity of revolving credit facility
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), the leading parts, repair, and software platform in the aviation aftermarket, today announced that it has amended its revolving credit facility, increasing total commitments to $1.375 billion, an increase of $550 million from the previous commitment of $825 million, and extending the maturity from December 2027 to October 2031.
