-
US Open top seed Zverev downplays favorite status
-
Norway, in mourning, enters new era under King Haakon VIII
-
Soldiers' mutiny rocks Niger capital, as junta claims to be back in control
-
Clean-Energy Super PAC Claims Fifth Republican Primary Victory in 2026 Campaign
-
California Dairy Hydrogen Project Sets Carbon-Intensity Record and Renews Biogas Debate
-
Pennsylvania Coal-Waste Power Subsidies Rise as Solar Remains a Smaller Source
-
Pittsburgh Speed Painter Surprises Jalen Brunson With 10-Minute Portrait
-
New Jersey Man Faces Federal Charges After Authorities Seize 109 Homemade Bombs
-
Los Angeles County Rapper Among Three Charged in $8.1 Million Stolen-Check Case
-
PlanEat AI Offers Personalized Weekly Meal Planning Through Lifetime Subscription Deal
-
Taylor Swift Gives $50,000 to Fundraiser for Mother Injured While Helping Crash Victims
-
Lil Nas X Announces Death of His Mother Tameka Hill
-
Taylor Swift Donation Supports Connecticut Mother Recovering From Serious Roadside Injuries
-
Tennessee Moves Toward Renaming Nashville International Airport for Dolly Parton
-
Kanye West Does Not Address Milo Yiannopoulos Detention During New Orleans Concert
-
NHAI Starts Removing Temporary Cooum River Bunds Ahead of Northeast Monsoon
-
Seven Arrested After VCK Functionary Killed in Thiruneermalai Attack
-
Thousands Gather as Annual Velankanni Basilica Festival Opens With Flag Hoisting
-
Munoz saves Iraola in Liverpool draw, Hull extend dream start
-
Nepal warns of climate threat after deadly floods
-
'Smooth' Marc Marquez wins Aragon MotoGP sprint, Bezzecchi on pole
-
Abbas strikes again but England build huge lead over Pakistan
-
Tiny Elversberg stun Leverkusen on Bundesliga debut
-
Bloodied Pogacar pulls out of Vuelta a Espana after heavy fall
-
Russian strike blows up arms depot near Kyiv, killing 37
-
Soldiers' mutiny rocks Niger capital, but junta says back in control
-
Lebanon archaeological finds showcase rich heritage despite war woes
-
Bezzecchi takes Aragon MotoGP pole, Marc Marquez ripostes in sprint
-
Liverpool held by Forest on Iraola's Anfield debut
-
Russia strike blows up arms depot near Kyiv, killing 37
-
Rescuers claw through mud as missing toll from Nepal, China flood nears 3,000
-
Norway, in mourning, enters a new era under King Haakon VIII
-
Mourinho says Mbappe worthy of Ballon d'Or
-
Rain frustrates England's bid for Pakistan series win
-
Clashes rock Niger capital, junta says back in control
-
Rafael Leao leaving AC Milan for Galatasaray
-
India's Neeraj Chopra out for season with ankle injury
-
Three Students Die, Four Injured in Madurantakam Car Crash
-
Bhim Army Protesters and Police Scuffle During Patna BPSC March
-
Karnataka Rules Out Smaller Mysuru Dasara Despite Drought
-
BJP Leadership Reviews Youth Outreach and Seven State Elections
-
TVK Legislator’s Jallikattu Criticism Draws Demand for Party Clarification
-
Omitted Social Justice Figures Trigger Dispute Over Tamil Nadu Policy Note
-
SUV Tyre Failure Kills Three Chennai College Students
-
Suspect Arrested in Manipur After Body Found on Tamil Nadu Express
-
Michelle Obama Says She Welcomes Life After Active Parenting Years
-
Police Report Details Famous Dex Domestic Battery Allegations
-
Court Dispute Features Alleged Racist Texts Attributed to Milo Yiannopoulos
-
Jerusalem Police Operation Uncovers Second Temple-Era Burial Cave
-
Celebrities Share Late-Summer Photos in August Gallery
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