AAR increases size and extends maturity of revolving credit facility

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, recently entered into a $620 million unsecured revolving credit facility. The credit facility is a $20 million increase from the prior facility and extends the maturity of the agreement from September 2024 to December 2027.

“We are pleased to have both increased and extended our unsecured revolving credit facility, which recognizes the strength of our credit profile and provides us with significant liquidity and certainty,” said Dylan Wolin, Vice President, Strategic & Corporate Development and Treasurer of AAR CORP. “We would like to thank our lenders for their continued support.”

Additional detail can be found in the Credit Agreement filed with AAR’s most recent 10-Q.