Loar Announces Launch of Secondary Public Offering
Loar Holdings Inc. (NYSE:LOAR) has announced a secondary public offering of 9,000,000 shares of its common stock by certain stockholders. The selling stockholders will also grant underwriters a 30-day option to purchase up to 1,350,000 additional shares. Jefferies and Morgan Stanley are serving as lead book runners, with Blackstone acting as co-manager.
Notably, Loar will not receive any proceeds from this offering as all proceeds will go to the selling stockholders. The offering is being made through an automatic shelf registration statement filed with the SEC on May 1, 2025. The completion of the offering is subject to market conditions, with no guarantee of its completion or final terms.
Loar Holdings Inc. (NYSE:LOAR) ha annunciato un'offerta pubblica secondaria di 9.000.000 di azioni ordinarie da parte di alcuni azionisti. Gli azionisti venditori concederanno inoltre agli underwriter un'opzione di 30 giorni per acquistare fino a 1.350.000 azioni aggiuntive. Jefferies e Morgan Stanley sono i principali responsabili del collocamento, mentre Blackstone agisce come co-manager.
È importante sottolineare che Loar non riceverà alcun ricavo da questa offerta, poiché tutti i proventi andranno agli azionisti venditori. L'offerta viene effettuata tramite una dichiarazione di registrazione automatica presso la SEC depositata il 1° maggio 2025. Il completamento dell'offerta dipende dalle condizioni di mercato, senza garanzia di conclusione o termini finali.
Loar Holdings Inc. (NYSE:LOAR) ha anunciado una oferta pública secundaria de 9,000,000 de acciones ordinarias por parte de ciertos accionistas. Los accionistas vendedores también otorgarán a los suscriptores una opción de 30 días para comprar hasta 1,350,000 acciones adicionales. Jefferies y Morgan Stanley actúan como principales colocadores, con Blackstone como co-gerente.
Es importante destacar que Loar no recibirá ingresos de esta oferta, ya que todos los ingresos irán a los accionistas vendedores. La oferta se realiza a través de una declaración de registro automática presentada ante la SEC el 1 de mayo de 2025. La finalización de la oferta está sujeta a las condiciones del mercado, sin garantía de su conclusión o términos finales.
Loar Holdings Inc. (NYSE:LOAR)는 일부 주주들이 보유한 9,000,000주의 보통주에 대한 2차 공개 매각을 발표했습니다. 매도 주주들은 인수인들에게 30일간 최대 1,350,000주 추가 매수 옵션도 부여할 예정입니다. Jefferies와 Morgan Stanley가 주요 주관사로, Blackstone이 공동 관리자로 참여합니다.
특히, Loar는 이번 공모에서 수익을 받지 않으며 모든 수익은 매도 주주에게 돌아갑니다. 이번 공모는 2025년 5월 1일 SEC에 제출된 자동 선반 등록명세서를 통해 진행됩니다. 공모 완료는 시장 상황에 따라 달라지며, 완료 여부나 최종 조건에 대한 보장은 없습니다.
Loar Holdings Inc. (NYSE:LOAR) a annoncé une offre publique secondaire de 9 000 000 d’actions ordinaires par certains actionnaires. Les actionnaires vendeurs accorderont également aux souscripteurs une option de 30 jours pour acheter jusqu’à 1 350 000 actions supplémentaires. Jefferies et Morgan Stanley agissent en tant que principaux chefs de file, avec Blackstone en co-gestionnaire.
Il est important de noter que Loar ne recevra aucun produit de cette offre, tous les produits allant aux actionnaires vendeurs. L’offre est effectuée via une déclaration d’enregistrement automatique déposée auprès de la SEC le 1er mai 2025. La réalisation de l’offre dépend des conditions du marché, sans garantie d’achèvement ni de termes définitifs.
Loar Holdings Inc. (NYSE:LOAR) hat eine sekundäre öffentliche Platzierung von 9.000.000 Aktien seiner Stammaktien durch bestimmte Aktionäre angekündigt. Die verkaufenden Aktionäre gewähren den Underwritern außerdem eine 30-tägige Option zum Kauf von bis zu 1.350.000 zusätzlichen Aktien. Jefferies und Morgan Stanley fungieren als Hauptbuchführer, Blackstone als Co-Manager.
Bemerkenswert ist, dass Loar aus diesem Angebot keine Erlöse erhält, da alle Einnahmen den verkaufenden Aktionären zufließen. Das Angebot erfolgt über eine automatische Shelf-Registrierung, die am 1. Mai 2025 bei der SEC eingereicht wurde. Der Abschluss des Angebots hängt von den Marktbedingungen ab, ohne Garantie für die Durchführung oder endgültige Konditionen.
- None.
- Significant share sale of 9 million shares by existing stockholders could create selling pressure on the stock
- Company receives no proceeds from the offering, providing no additional capital for growth or operations
- Potential dilution if all shares including the additional 1.35M option are sold
Insights
Loar's secondary offering signals possible insider exit with no capital raised for company operations or growth.
This secondary offering represents a significant exit plan for existing shareholders with no benefits flowing to Loar's corporate treasury. The 9 million shares being offered by existing stockholders—potentially rising to 10.35 million if underwriters exercise their full option—suggests large investors are looking to reduce their positions.
Notable in this transaction is that Loar will receive no proceeds as this isn't a primary offering to raise capital for operations or expansion. Rather, current stockholders are converting their equity to cash, which often raises questions about why insiders might be selling. The timing and size of this sale merits attention from current shareholders.
The involvement of heavyweight underwriters Jefferies and Morgan Stanley, with Blackstone as co-manager, adds institutional credibility to the offering, though doesn't change the fundamental nature of the transaction. Secondary offerings typically exert downward pressure on share prices due to increased supply hitting the market.
This filing leverages an automatic shelf registration that became effective earlier this month, allowing for a streamlined offering process. The selling efficiency suggests the transaction has been planned for some time rather than being an opportunistic response to market conditions.
WHITE PLAINS, NY / ACCESS Newswire / May 13, 2025 / Loar Holdings Inc. (NYSE:LOAR) ("Loar") announced today the launch of a secondary underwritten public offering of 9,000,000 shares of its common stock by certain of its stockholders. In addition, such selling stockholders expect to grant the underwriters a 30-day option to purchase up to 1,350,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions.
Such selling stockholders will receive all of the proceeds from this offering. Loar is not selling any shares of common stock in this offering and will not receive any proceeds from this offering.
Jefferies and Morgan Stanley are acting as lead book runners for the proposed offering. Blackstone is acting as co-manager.
An automatic shelf registration statement (including a base prospectus) relating to this offering of common stock was filed by Loar with the Securities and Exchange Commission (the "SEC") on May 1, 2025 and became effective upon filing. The proposed offering of these shares will be made only by means of a prospectus supplement and accompanying base prospectus related to the offering filed with the SEC. A copy of the preliminary prospectus supplement and accompanying base prospectus may be obtained by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388 or by email at prospectus_department@jefferies.com; and Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
About Loar
Loar Holdings Inc. is a diversified manufacturer and supplier of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Loar has established relationships across leading aerospace and defense original equipment manufacturers and Tier Ones worldwide.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the public offering. These statements are not historical facts but rather are based on Loar's current expectations and projections regarding its business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include, but are not limited to, statements relating to the proposed public offering, including the size and timing of such offering. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, uncertainties related to market conditions, volatility in the price of Loar's common stock, and other factors relating to Loar's business described in the prospectus included in Loar's Registration Statement on Form S-3, as it may be amended from time to time, and a related preliminary prospectus supplement related to the offering filed with the SEC, including Loar's latest Annual Report on Form 10-K, including under the caption "Risk Factors," and Loar's subsequent filings with the SEC incorporated by reference therein. Any forward-looking statement in this press release speaks only as of the date of this release. Loar undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws.
CONTACT:
Ian McKillop
Loar Holdings Investor Relations
IR@loargroup.com
SOURCE: Loar Group Inc.
View the original press release on ACCESS Newswire
FAQ
How many shares are being offered in LOAR's secondary public offering?
Will Loar Holdings (LOAR) receive any proceeds from the secondary offering?
Who are the underwriters for LOAR's secondary public offering?
When did Loar file the shelf registration statement for this offering?
