AAR to repay revolver borrowings with convertibles proceeds

By Sara Rosenberg

New York, Feb. 4 - AAR Corp. plans to repay borrowings under its revolving credit facility using proceeds from a $175 million convertible senior notes offering, according to a company news release.

Remaining proceeds will be used for general corporate purposes.

AAR is a Wood Dale, Ill.-based provider of products and services to the aviation, aerospace and defense industries.

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