Loar Announces Pricing of Secondary Public Offering
Loar Holdings Inc. (NYSE:LOAR) has announced the pricing of a secondary public offering of 9,000,000 shares of its common stock at $83.41 per share by certain stockholders. The selling stockholders have also granted underwriters a 30-day option to purchase up to an additional 1,350,000 shares at the same price. The offering is expected to close on May 16, 2025.
Notably, Loar will not receive any proceeds from this offering as all proceeds will go to the selling stockholders. The offering is being led by Jefferies and Morgan Stanley as lead book runners, with Moelis & Company, Citigroup, RBC Capital Markets as book runners, and Blackstone acting as co-manager.
Loar Holdings Inc. (NYSE:LOAR) ha annunciato il prezzo di un'offerta pubblica secondaria di 9.000.000 di azioni ordinarie a 83,41 $ per azione da parte di alcuni azionisti venditori. Gli azionisti venditori hanno inoltre concesso agli underwriter un'opzione di 30 giorni per acquistare fino a ulteriori 1.350.000 azioni allo stesso prezzo. La chiusura dell'offerta è prevista per il 16 maggio 2025.
È importante sottolineare che Loar non riceverà alcun ricavo da questa offerta, poiché tutti i proventi andranno agli azionisti venditori. L'offerta è guidata da Jefferies e Morgan Stanley come principali responsabili del libro ordini, con Moelis & Company, Citigroup, RBC Capital Markets come book runner e Blackstone come co-manager.
Loar Holdings Inc. (NYSE:LOAR) ha anunciado el precio de una oferta pública secundaria de 9.000.000 de acciones comunes a $83.41 por acción por parte de ciertos accionistas vendedores. Los accionistas vendedores también han concedido a los suscriptores una opción de 30 días para comprar hasta 1.350.000 acciones adicionales al mismo precio. Se espera que la oferta cierre el 16 de mayo de 2025.
Es importante destacar que Loar no recibirá ingresos de esta oferta, ya que todos los ingresos irán a los accionistas vendedores. La oferta está liderada por Jefferies y Morgan Stanley como principales coordinadores del libro de órdenes, con Moelis & Company, Citigroup, RBC Capital Markets como coordinadores y Blackstone actuando como co-gestor.
Loar Holdings Inc. (NYSE:LOAR)는 일부 주주들이 보유한 9,000,000주의 보통주를 주당 83.41달러에 추가 공개 매도하는 가격을 발표했습니다. 매도 주주들은 또한 인수인들에게 30일간 추가로 1,350,000주를 같은 가격에 매수할 수 있는 옵션을 부여했습니다. 이번 공모는 2025년 5월 16일에 마감될 예정입니다.
특히, Loar는 이번 공모로부터 수익을 받지 않으며, 모든 수익은 매도 주주들에게 돌아갑니다. 이번 공모는 Jefferies와 Morgan Stanley가 주도하며, Moelis & Company, Citigroup, RBC Capital Markets가 인수인으로, Blackstone이 공동 매니저로 참여합니다.
Loar Holdings Inc. (NYSE:LOAR) a annoncé le prix d'une offre publique secondaire de 9 000 000 d'actions ordinaires à 83,41 $ par action par certains actionnaires vendeurs. Ces actionnaires ont également accordé aux souscripteurs une option de 30 jours pour acheter jusqu'à 1 350 000 actions supplémentaires au même prix. La clôture de l'offre est prévue pour le 16 mai 2025.
Il est important de noter que Loar ne recevra aucun produit de cette offre, tous les produits allant aux actionnaires vendeurs. L'offre est dirigée par Jefferies et Morgan Stanley en tant que chefs de file, avec Moelis & Company, Citigroup, RBC Capital Markets comme teneurs de livre, et Blackstone agissant en tant que co-gestionnaire.
Loar Holdings Inc. (NYSE:LOAR) hat die Preisfestsetzung für ein sekundäres öffentliches Angebot von 9.000.000 Aktien seiner Stammaktien zu 83,41 $ pro Aktie durch bestimmte Aktionäre bekannt gegeben. Die verkaufenden Aktionäre haben den Underwritern zudem eine 30-tägige Option eingeräumt, bis zu 1.350.000 zusätzliche Aktien zum gleichen Preis zu erwerben. Der Abschluss des Angebots wird für den 16. Mai 2025 erwartet.
Bemerkenswert ist, dass Loar aus diesem Angebot keine Erlöse erhält, da alle Erlöse an die verkaufenden Aktionäre gehen. Das Angebot wird von Jefferies und Morgan Stanley als Hauptbuchführer geleitet, mit Moelis & Company, Citigroup, RBC Capital Markets als Buchführer und Blackstone als Co-Manager.
- None.
- Significant share sale by existing stockholders could signal lack of confidence in future growth
- Potential downward pressure on stock price due to increased supply of shares in the market
- Company receives no proceeds from the offering to fund operations or growth
Insights
Secondary offering lets early investors exit; neutral for Loar as company receives no proceeds while maintaining its capital structure.
This secondary offering represents a significant liquidity event for existing shareholders who are selling 9,000,000 shares at
The structure as a secondary offering means existing shareholders are cashing out their positions while Loar itself isn't issuing new shares. This is neutral for the company's capital structure as it won't experience dilution, won't raise new capital, and won't affect its debt-to-equity ratio.
The involvement of multiple high-profile underwriters (Jefferies, Morgan Stanley, Moelis, Citigroup, RBC, and Blackstone) indicates strong institutional support for the transaction. This syndicate of banks suggests confidence in their ability to place these shares with institutional investors without significant price pressure.
For current shareholders not participating in the selling, the news is generally neutral – while it indicates some large holders are reducing positions, it also broadens the shareholder base and potentially increases stock liquidity. The automatic shelf registration becoming effective immediately suggests Loar qualifies as a well-known seasoned issuer with market cap over
WHITE PLAINS, NY / ACCESS Newswire / May 14, 2025 / Loar Holdings Inc. (NYSE:LOAR) ("Loar") announced today the pricing of a secondary underwritten public offering of 9,000,000 shares of its common stock by certain of its stockholders at
The 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 offering. Moelis & Company, Citigroup and RBC Capital Markets are additionally acting as book runners. 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 these securities, 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.
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 completion, 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
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