AAR increases revolving credit facility by $550 million
AIR•AAR increased its unsecured revolving credit facility by $550 million to $1.38 billion from $825 million and extended its maturity to October 2031 from December 2027. The facility will support financing for AAR’s pending acquisition of a controlling interest in MRO Holdings.
1. Expanded credit facility
AAR increased its unsecured revolving credit facility by $550 million, bringing it to $1.38 billion from $825 million. The facility’s maturity was extended to October 2031 from December 2027 and will support financing for the pending acquisition of a controlling interest in MRO Holdings. Wells Fargo served as left lead arranger and administrative agent.
