September 17, 2010
AAR Named to Forbes 'Most Trustworthy Companies' List
WOOD DALE, Ill., /PRNewswire via COMTEX/ --AAR CORP. (NYSE: AIR) announced today that the Company was named as one of Forbes Magazine's "Most Trustworthy Companies" for 2010.
AAR was recognized for transparent accounting and sound corporate governance in the ranking, which uses more than 100 factors to assess corporate accounting and management practices. Fewer than 5% of public companies make the Forbes Most Trustworthy Companies list, which is compiled by an independent financial analytics firm.
"We're committed to maintaining very high levels of performance and accountability and are pleased to be recognized by Forbes for financial transparency and sound corporate governance," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. "Unwavering integrity is one of our guiding principles and the credit for this recognition really goes to the AAR employees who live our core values every day."
AAR is a leading provider of products and value-added services to the worldwide aerospace and government/defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through four operating segments: Aviation Supply Chain; Government and Defense Services; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at www.aarcorp.com.
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Wood Dale, Illinois — AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that it has successfully priced its offering of $150 million aggregate principal amount of 6.750% senior notes due 2029 (the “Additional Notes”). The Additional Notes are being issued at a price of 102.000% of their principal amount, plus accrued interest from March 15, 2025, for a yield to maturity of 6.119%.
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AAR announces proposed add-on offering of $150 million of 6.750% senior notes due 2029
Wood Dale, Illinois — AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that it intends to offer, subject to market conditions and other factors, $150 million aggregate principal amount of 6.750% senior notes due 2029 (the “Additional Notes”). The Additional Notes will be issued as additional notes under an existing indenture dated March 1, 2024, pursuant to which the Company previously issued $550.0 million aggregate principal amount of 6.750% senior notes due 2029 (the “Existing Notes” and together with the Additional Notes, the “Notes”). Other than with respect to the date of issuance and the offering price, the Additional Notes will have the same terms as the Existing Notes.
