AAR Corp (AIR) Raises Senior Unsecured Credit Agreement to $680 Million
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Price: $133.93 -3.77%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +22.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +22.2%
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AAR CORP. (NYSE: AIR) announced today that it has amended its senior, unsecured credit agreement. The amendment increases the initial limit under the facility from $400 million to $580 million, and can be increased to $680 million under certain circumstances. All pricing terms under the agreement were left unchanged and certain covenants under the facility were modified to provide the Company greater flexibility.
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