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AAR calls $30 million 1.75% convertibles due 2015 at 103.358
By Susanna Moon
Chicago, Aug. 29 – AAR Corp. said it exercised its call option for its outstanding $30 million principal amount of 1.75% convertible senior notes due 2015.
The redemption price will be 103.358% of par plus interest to but excluding the redemption date of Oct. 1, according to a company press release.
AAR is a Wood Dale, Ill.-based aerospace and defense contractor.
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