Loar Group Announces Public Offering Launch

Loar Holdings Inc. has announced a public offering of 4,750,000 shares of its common stock. This includes 1,583,333 shares from certain stockholders and 3,166,667 shares from Loar. The selling stockholders may grant underwriters a 30-day option to purchase an additional 712,500 shares. The proceeds from the offering will be used to repay borrowings and for general corporate purposes. Loar will not receive proceeds from shares sold by stockholders.

Jefferies and Morgan Stanley lead the offering, with Moelis, Citigroup, RBC Capital Markets, and Blackstone also involved. A prospectus has been filed with the SEC. The offering is subject to market conditions and requires an effective registration statement.