Loar Holdings (LOAR) Announces Launch of Secondary Public Offering
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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.
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