StandardAero completes IPO of 69M shares at $24, raises ~$1.2B; redeems $475.5M notes, repays $725.6M in loans

StandardAero, Inc.

Completed IPO of 69M shares at $24.00/share, including 53.25M from company and 15.75M from selling stockholders.
Net proceeds to company of approximately $1,201 million.
Used proceeds to redeem all $475.5M aggregate principal of senior PIK toggle notes due 2027.
Partially prepaid $523.7M of 2024 Term B-1 Loan and $201.9M of 2024 Term Loan B-2 Facility.
After prepayments, $1,464.8M outstanding on Term B-1 and $564.8M on Term Loan B-2.

item 1.01 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

StandardAero, Inc.: Amended and restated certificate of incorporation (effective 2024-10-01).

Change: charter amendment
Effective: 2024-10-01

Exact text from the filing

On October 1, 2024, the Company filed its amended and restated certificate of incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware and its amended and restated bylaws (the “Bylaws”) became effective as of the filing of the Certificate of Incorporation with the Secretary of State of the State of Delaware.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

StandardAero, Inc.: Amended and restated bylaws (effective 2024-10-01).

Change: bylaw amendment
Effective: 2024-10-01

Exact text from the filing

On October 1, 2024, the Company filed its amended and restated certificate of incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware and its amended and restated bylaws (the “Bylaws”) became effective as of the filing of the Certificate of Incorporation with the Secretary of State of the State of Delaware.

View on SEC.gov

190 governance changes filed in the last 30 days. Browse all governance changes →

StandardAero, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-232250

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