Loar Holdings updates LMB acquisition price to EUR 367M plus debt
Loar Holdings Inc. updated a recent disclosure about its purchase of LMB, a French maker of high‑performance fans and motors.
Rhea-AI Filing Summary
Loar Holdings Inc. updated a recent disclosure about its purchase of LMB, a French maker of high‑performance fans and motors. The amendment clarifies that the aggregate cash consideration for acquiring all of LMB’s equity interests was EUR 367 million plus the assumption of net debt.
To support the deal, Loar Group entered into a Nineteenth Amendment to its Credit Agreement, making an incremental term loan of $445 million available. These borrowings, together with cash on hand, were used to pay a portion of the purchase price, related fees and expenses, and for working capital and general corporate purposes. The company also noted a press release announcing the completion of the LMB acquisition.
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Insights
Loar finances a sizable LMB acquisition with new term debt and cash.
Loar Holdings Inc. completed the acquisition of LMB, a long-established French producer of specialized fans and motors, for aggregate cash consideration of EUR 367 million plus assumed net debt. This represents a substantial expansion of Loar’s footprint into a niche aerospace-related equipment segment with over 2,000 unique rotating machines.
To fund the transaction, Loar Group entered into a Nineteenth Amendment to its Credit Agreement, providing an incremental term loan of $445 million. The proceeds, together with cash on hand, are earmarked to pay part of the purchase price, transaction fees and expenses, and to support working capital and general corporate purposes. The amended Credit Agreement includes representations, covenants, and events of default described as customary for this type of facility.
The update in this amendment also clarifies that the consideration disclosure is in EUR 367 million rather than a prior $367 million reference, aligning the stated purchase price with the deal’s euro-denominated structure. Future company filings may provide additional detail on LMB’s contribution to revenue, margins, and leverage metrics following the closing on December 23, 2025.
8-K Event Classification
FAQ
What transaction did Loar Holdings Inc. (LOAR) complete with LMB?
Loar Group, a wholly owned subsidiary of Loar Holdings Inc., completed the acquisition of all issued and outstanding equity interests of LMB, a French company specializing in tailor-made high-performance fans, blowers, motors and other rotating machines.
How much did Loar Holdings Inc. (LOAR) pay to acquire LMB?
The aggregate cash consideration paid to the sellers for LMB was EUR 367 million plus the assumption of net debt, as clarified in the amended disclosure.
How was the LMB acquisition financed by Loar Holdings Inc. (LOAR)?
The acquisition was financed using cash on hand and an incremental term loan under the amended Credit Agreement, which makes available an additional $445 million in aggregate principal amount to Loar Group.
What is the Nineteenth Amendment to the Credit Agreement for Loar Holdings Inc. (LOAR)?
The Nineteenth Amendment to the Credit Agreement is an update to Loar’s existing credit facility that provides an incremental $445 million term loan for funding a portion of the LMB acquisition, paying related fees and expenses, and supporting working capital and general corporate purposes.
What change does this amended report make to Loar Holdings Inc. (LOAR) disclosures?
The amendment updates Item 2.01 to clarify that the aggregate cash consideration for the LMB acquisition is EUR 367 million plus the assumption of net debt, replacing an earlier reference to $367 million plus the assumption of net debt.
Did Loar Holdings Inc. (LOAR) issue a press release about the LMB acquisition?
Yes. The company issued a press release on December 26, 2025 announcing completion of the LMB acquisition, which is furnished as Exhibit 99.1.
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