RCS - Loar Holdings Inc. - Loar Releases Pricing of Secondary Public Offering

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RNS Number : 7707I  Loar Holdings Inc.  15 May 2025

 

Loar Announces Pricing of Secondary Public Offering

WHITE PLAINS, NY / ACCESS Newswire (https://www.accessnewswire.com/)  / 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 $83.41 per share. In addition,
the selling stockholders have granted the underwriters a 30-day option to
purchase up to an additional 1,350,000 shares of common stock at the public
offering price, less underwriting discounts and commissions. The offering is
expected to close on May 16, 2025, subject to customary closing conditions.

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.

 

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