UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
July 15, 2005
Date of Report (Date of earliest event reported)
AAR CORP.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware |
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(State or other jurisdiction of incorporation) |
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1-6263 |
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36-2334820 |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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One AAR Place, 1100 N. Wood Dale Road |
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(Address and Zip Code of Principal Executive Offices) |
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Registrant’s telephone number, including area code: (630) 227-2000 |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
The disclosure contained in Item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant) is hereby incorporated by reference into this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On July 15, 2005, AAR Wood Dale LLC, a subsidiary of AAR CORP., refinanced an existing $10.3 million note payable secured by a mortgage on its Wood Dale, Illinois facility with Principal Commercial Funding, LLC. Proceeds from the new loan were $11 million and the term of the financing is 10 years with a fixed interest rate of 5.01%. Under the terms of the new loan, interest payments are due monthly with a balloon payment of $11 million due August 1, 2015. The new loan payable is secured by our Wood Dale, Illinois facility.
(c) Exhibits
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4.1 |
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Loan Agreement between AAR Wood Dale LLC and Principal Commercial Funding, LLC |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: |
July 18, 2005 |
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AAR CORP. |
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By: |
/s/ TIMOTHY J. ROMENESKO |
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Timothy J. Romenesko |
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Vice
President-Chief Financial Officer & |
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EXHIBIT INDEX
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Exhibit Number |
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Description |
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4.1 |
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Loan Agreement between AAR Wood Dale LLC and Principal Commercial Funding, LLC |
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