AAR Corp. (AIR) announced that it has commenced an underwritten registered public offering of 3M shares of its common stock. The company intends to use the net proceeds of the offering to repay outstanding borrowings under its unsecured revolving credit facility and for general corporate purposes, which may include funding future acquisitions. Goldman Sachs & Co., Jefferies and RBC Capital Markets are acting as joint book-running managers for the offering.
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