Cahill Represents Debt Financing Sources in $1.375 Billion of Debt Financings, Consisting of an $825 Million Amended Credit Facility and $550 Million Notes Offering for AAR Corp.
Date: 03/01/24
Cahill represented the administrative agent and lead arrangers in connection with an amendment to AAR Corp.’s revolving credit facility to, among other things, increase the aggregate commitments thereunder to $825,000,000. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $550,000,000 aggregate principal amount of 6.750% senior notes due 2029 by AAR Escrow Issuer, LLC, which was merged with and into AAR Corp. with AAR Corp. continuing as the surviving entity. Proceeds from borrowings under the amended revolving credit facility and the notes offering were used to finance AAR Corp.’s acquisition of Triumph Group’s Product Support Business. AAR Corp. is an independent provider of aviation services to commercial and government customers worldwide. Triumph Group’s Product Support business is a global provider of specialized maintenance, repair, and overhaul capabilities for critical aircraft components in the commercial and defense markets.