March 24, 2003
AAR Completes Financing Agreement
WOOD DALE, Ill., /PRNewswire-FirstCall via COMTEX/ -- AAR (NYSE: AIR) today announced the completion of a new $35 million accounts receivable securitization facility with LaSalle Bank, N.A./ABN AMRO. This program replaces an expiring accounts receivable securitization facility as well as an expiring credit facility. This is the first in a series of planned financing transactions which, combined with the Company's current cash position and internal cash generation initiatives, are expected to provide adequate liquidity for the Company as it replaces its maturing credit arrangements, including the Notes due in October 2003.
In other news, the Company will release financial results for its third quarter of Fiscal 2003 before the market opens on Thursday, March 27. Following the earnings release, the Company will hold a conference call to discuss the results at 10:30 a.m. CST.
AAR (NYSE: AIR) is the leading provider of aftermarket support to the worldwide aviation/aerospace industry. Products and services include customized inventory management and logistics programs, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. Further information can be found at www.aarcorp.com .
SOURCE AAR
CONTACT: Timothy J. Romenesko, Vice President & Chief Financial Officer, of AAR, +1-630-227-2090, tromenesko@aarcorp.com
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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.
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AAR accelerates its aftermarket platform strategy by agreeing to acquire a controlling interest in MRO Holdings
- Acquisition significantly enhances AAR’s scale, margins, and cash flow profile
- Adds more than $1 billion in revenue supporting blue-chip, U.S. airline customers
- Expands AAR’s consolidated adjusted EBITDA margins[1] from approximately 12% to 16%, before synergies
- Expected to be accretive to adjusted EPS in the first full fiscal year post closing
- Updating AAR’s adjusted EBITDA margin target to approximately 19% to 20% within three to four years
WOOD DALE, Illinois — AAR CORP. (NYSE: AIR) (the “Company” or “AAR”), a leading Parts, Repair, and Software platform in the aviation aftermarket, today announced it has entered into a definitive agreement to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion.
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AAR reports first quarter fiscal year 2027 results
Wood Dale, Illinois, September 28, 2026 — AAR CORP. (NYSE: AIR) (the “Company” or “AAR”), a leading parts, repair, and software platform in the aviation aftermarket, reported today financial results for the fiscal year 2027 first quarter ended August 31, 2026.
