-
Fresh Russian barrage kills 14 in Ukraine
-
Threat of grounded planes nears as jet fuel supplies dwindle
-
Gasperini's Roma future in doubt as infighting mars Champions League bid
-
Curacao World Cup qualification a 'divine journey': federation president
-
NBA fines Hornets' Ball for 'reckless' play on Adebayo
-
Val Kilmer returns via AI as filmmakers test Hollywood's red line
-
China's economy beats forecasts, but war darkens outlook
-
Latest team to fold sets Super Rugby up for another revamp
-
Iran participating in World Cup, FIFA president confirms
-
Police arrest two over London synagogue arson attempt
-
Syria's Kurds register for citizenship after decades of marginalisation
-
'There's more truth than fiction,' Spielberg says of 'Disclosure Day'
-
Strikes kill three in Ukraine, two in Russia, including children
-
Trump turmoil sees Spain's Sanchez emerge as progressive star
-
Pope to visit Cameroon conflict zone under high security
-
Luxury giant Kering to chart path for Gucci turnaround
-
Sixers top Magic to book NBA playoff clash with Celtics
-
Tokyo record leads Asia stocks higher as Iran peace hopes grow
-
India's 'Maharaja in Denims' stakes claim in AI film race
-
Russia rains strikes across Ukraine, killing three
-
US ex-Marine loses extradition appeal in China pilots case
-
Waratahs primed for physical Moana clash in front of Prince Harry
-
LIV Golf reassures players over Saudi withdrawal rumors
-
Much-hyped Alzheimer's drugs do not help patients, review finds
-
Mexican farmers raise alarm over Sheinbaum's fracking proposal
-
Brumbies gets Wright boost for Drua Super Rugby clash
-
Fuel supply fears after blaze tears through crucial Australian refinery
-
Trump's triumphal arch gets official name
-
Australia to boost defence spending citing growing threats
-
Left-winger Sanchez climbs to second place in Peru vote count
-
YouTube suspends pro-Iran channel posting Lego-style clips mocking Trump
-
US announces new sanctions against Iran oil sector
-
Longtime Messi friend Hoyos unveiled as Inter Miami coach
-
US optimistic about reaching peace deal with Iran
-
Kane lauds Diaz 'moment of magic' after Bayern knock out Real
-
'Beef' tackles generational conflicts in season 2: creator
-
'Beef 2' tackles generational conflicts in second season: creator
-
WNBA star Wilson signs record contract as league booms
-
Arteta confident in Arsenal after anxious progress to Champions League semis
-
Real slam 'unbelievable' red card after Bayern defeat
-
Rice 'doesn't care' about Arsenal critics after reaching Champions League semis
-
Bayern sink Real Madrid late to reach Champions League semis
-
Arsenal survive tense Sporting stalemate to reach Champions League semis
-
S&P 500, Nasdaq end at records as markets bet on US-Iran accord
-
Jury finds Ticketmaster owner ran illegal monopoly
-
US says optimistic about reaching peace deal with Iran
-
IMF and Argentina agree deal unlocking $1 bn in assistance
-
World Bank chief economist warns of hunger risk from war in Iran
-
France boss Deschamps confirms Ekitike to miss World Cup
-
Pope urges Cameroon's leaders to examine 'conscience'
Loar Announces Launch of Secondary Public Offering
WHITE PLAINS, NY / ACCESS Newswire / May 13, 2025 / Loar Holdings Inc. (NYSE:LOAR) ("Loar") announced today the launch of a secondary underwritten public offering of 9,000,000 shares of its common stock by certain of its stockholders. In addition, such selling stockholders expect to grant the underwriters a 30-day option to purchase up to 1,350,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions.
Such 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 proposed offering. 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 [email protected]; 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, 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. 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
[email protected]
SOURCE: Loar Group Inc.
View the original press release on ACCESS Newswire
W.AbuLaban--SF-PST