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AAR Prices $150 Million Add-On Notes Offering

BY MT Newswires | CORPORATE | 08/12/25 03:38 AM EDT

03:38 AM EDT, 08/12/2025 (MT Newswires) -- AAR (AIR) said late Monday it priced an add-on offering of $150 million of 6.75% senior notes due 2029 at 102% of the principal amount.

The notes will be an addition to previously issued $550 million principal amount of 6.75% senior notes due 2029.

The company intends to use the net proceeds for debt repayments.

Closing of the offering is expected on Thursday, subject to customary conditions.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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