Illinois-based AAR has secured a new senior, unsecured revolving credit facility. The loan has an initial limit of $400 million and can be increased to $450 million. The new agreement, which has a term of five years, replaces the company’s $250 million revolving credit facility scheduled to mature later in 2011. AAR provides products and value-added services to the worldwide aerospace and government and defense industries.
Click here for the release from PR Newswire.