Loar Group Announces Priced Upsized Public Offering

Loar Holdings Inc. has announced the pricing of its upsized public offering, involving 5,750,000 shares of its common stock at $85.00 per share. This offering includes 1,897,500 shares from certain stockholders and 3,852,500 shares by Loar itself. The underwriters have been granted a 30-day option to buy an additional 862,500 shares. The completion of this offering is scheduled for December 12, 2024, contingent upon the usual closing conditions.

Proceeds from Loar's part of the sale are planned for repaying company borrowings and general corporate uses. Notably, Loar will not benefit from the proceeds of shares sold by the participating stockholders. Jefferies and Morgan Stanley lead the offering as book runners, joined by Moelis, Citigroup, RBC Capital Markets, and co-manager Blackstone.