RCS - Loar Holdings Inc. - Loar Announces Launch of Public Offering

Jefferies FinancialAnnouncement

09/12/2024 12:45

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RNS Number : 3038P  Loar Holdings Inc.  09 December 2024

WHITE PLAINS, NY / ACCESSWIRE / December 9, 2024 / Loar Holdings Inc.
(NYSE:LOAR) ("Loar") announced today that it has launched the roadshow for the
public offering of 4,750,000 shares of its common stock, including 1,583,333
shares offered by certain stockholders and 3,166,667 shares offered by Loar.
In addition, such selling stockholders expect to grant the underwriters a
30-day option to purchase up to 712,500 additional shares of common stock at
the public offering price, less underwriting discounts and commissions.

Loar intends to use the net proceeds from this offering for repayment of
borrowings outstanding under its credit agreement and, to the extent of any
remaining proceeds, for general corporate purposes, including working capital.
Loar will not receive any of the proceeds from the sale of common stock
offered by the selling stockholders, including any common stock sold pursuant
to any exercise by the underwriters of their option to purchase additional
shares.

Jefferies and Morgan Stanley are acting as lead book runners for the proposed
offering and Moelis is acting as joint book runner. Citigroup and RBC Capital
Markets are additionally acting as book runners. Blackstone is acting as
co-manager.

The proposed offering will be made only by means of a prospectus filed with
the U.S. Securities and Exchange Commission ("SEC"). Copies of the preliminary
prospectus relating to the proposed offering 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; Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014;
and Moelis & Company LLC, Attention: Melissa Mariaschin, Managing Director
and Head of Distribution, Capital Markets, 399 Park Avenue, 5th Floor, New
York, NY 10022.

A registration statement relating to these securities has been filed with the
SEC but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. 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, and the expected use of proceeds from the 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-1, as it may be amended from time to time, and Loar's latest
Quarterly Report on Form 10-Q, including under the caption "Risk Factors," and
Loar's subsequent filings with the SEC. 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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