Cahill represented the underwriters in connection with a public offering of common stock by AAR Corp., resulting in net proceeds of approximately $286 million (excluding fees and discounts).
The offering made available 3.45 million shares of common stock, which includes the underwriters' exercise of the option to purchase an additional 450,000 shares of common stock.
Proceeds from the offering are intended to be used to pay down the company's existing revolving credit facility and for general corporate purposes.
AAR Corp. is a leading provider of aviation services to commercial government operators, MROs, and OEMs.