2 September 2014
AAR Corp. (NYSE: AIR) said that it has exercised its right to redeem all of the currently outstanding USD30,000,000 principal amount of 1.75 percent convertible senior notes due 2015, in accordance with the terms of the notes.
The redemption price of the notes is 103.358 percent of the principal amount redeemed, which amount is equal to USD1,033.58 per USD1,000 principal amount, plus accrued and unpaid interest to, but not including, the redemption date, in accordance with the provisions of the indenture governing the Notes. The redemption date for the notes is October 1, 2014.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: aviation services and technology products. More information can be found at www.aarcorp.com.