AAR to buy 65% of aircraft-maintenance firm MRO Holdings for ~$1.8B, funded with $2.1B debt and $780M equity

AAR agreed to acquire a 65% interest in aircraft-maintenance company MRO Holdings for an equity value of about $1.8 billion, funded with $2.10 billion of debt, $780 million of equity at $135 per share and a $230 million PIPE. AAR holds an option to buy the remaining 35% in tranches over six years.

Detected & updated continuously · Source: Nebula