Loar sets price for secondary stock offering at $83.41

WHITE PLAINS, NY - Loar Holdings Inc. (NYSE:LOAR), a manufacturer and supplier for the aerospace and defense industries, has priced its secondary public offering. The company announced that its stockholders are offering 9 million shares at $83.41 each. The transaction also includes an option for underwriters to purchase up to an additional 1.35 million shares within 30 days.

The offering, which is expected to close on May 16, 2025, is being underwritten by Jefferies and Morgan Stanley (NYSE:MS) as lead book runners, with Moelis (NYSE:MC) & Company, Citigroup (NYSE:C), and RBC Capital Markets also participating. Blackstone (NYSE:BX) is serving as co-manager for the offering.

Loar has stated that it will not receive any proceeds from the sale of shares, as all proceeds will go to the selling stockholders. This offering comes after an automatic shelf registration statement and a base prospectus were filed with the Securities and Exchange Commission (SEC) on May 1, 2025, and became effective immediately.

The company, known for its established relationships with leading aerospace and defense original equipment manufacturers and Tier Ones worldwide, has not specified the reasons for the secondary offering by its stockholders. However, the press release contains forward-looking statements about the offering, cautioning that actual results could differ materially due to market conditions and other risks outlined in Loar’s SEC filings.

The announcement concludes by stating that the securities are only being offered by means of a prospectus supplement and accompanying base prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities.

The information in this article is based on a press release statement from Loar Holdings Inc.

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