other material
confidence high
sentiment neutral
materiality 0.70
Loar Holdings secondary offering of 9M shares at $83.41 by selling shareholders; company gets no proceeds
Loar Holdings Inc.
- Offering of 9,000,000 shares (plus 1,350,000 option) by selling shareholders at $83.41; company receives no proceeds.
- Waiver granted to allow CEO Dirkson Charles and Co-Chair Brett Milgrim to sell pro rata with other principal investors relaxing lock-up until Sep 2027.
- Underwriters granted 30-day option; closings occurred May 16 and 19, 2025.
- Selling shareholders include Abrams Capital affiliates, Blackstone affiliates, GPV Loar, and executives.
- Entirely secondary offering; company not selling any shares.