AAR expands revolving credit facility by $550 million to support growth
AAR ($AIR) increased commitments under its revolving credit facility to $1.375 billion from $825 million and extended its maturity from December 2027 to October 2031. The amended facility remains unsecured. The company said the larger line supports financing for its previously announced, pending acquisition of a controlling stake in aircraft-maintenance provider MRO Holdings. All banks in the existing lending group increased their commitments, and two additional banks joined. The amendment gives
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