AAR to buy 65% of MRO Holdings for about $1.8 billion
AAR said it expects the deal to close in its fiscal third quarter ending February 2027, subject to approvals and closing conditions.
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AAR Corp Q1 revenue rises 24%, beats estimates; raises FY 2027 outlook
Adjusted EPS rose 38% and the company said strong air travel demand boosted services. It also agreed to acquire a 65% controlling interest in MRO Holdings.
AAR agrees to buy 65% stake in MRO Holdings at $4 billion enterprise value
AAR will pay initial equity consideration of about $1.8 billion and repay about $1.3 billion of borrowings. Funding includes about $2.1 billion of new debt, $780 million of equity at $135 per share and a $230 million PIPE.