secwatch.observer — SEC 8-K summary
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Issuer:     Loar Holdings Inc. (LOAR)
CIK:        0002000178
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0000950170-24-100566
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loar Holdings completes $384.5M acquisition of Applied Avionics; expects $40M revenue, $21M adj. EBITDA
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- Paid aggregate cash consideration of $384.5M ($2M escrowed) for all equity of Applied Avionics, closing Aug 26, 2024.
- Acquisition financed through $360M incremental term loan and cash on hand; net-debt-to-EBITDA projected below 4.0x.
- Applied Avionics (VIVISUN, NEXSYS brands) designs avionics interface solutions; 2024E net sales ~$40M, adj. EBITDA ~$21M.
- Loar expects approximately $45M in tax benefits from the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000178/000095017024100566/0000950170-24-100566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000178/000095017024100566/ck0002000178-20240826.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-100566

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