Loar Holdings Inc. Announces Initial Public Offering

Loar Holdings Inc. revealed plans for an initial public offering (IPO) of 11 million shares, with an additional over-allotment option of 1.65 million shares for underwriters. The price range for the IPO is projected between $24 and $26 per share. The company aims to list on the New York Stock Exchange under the ticker "LOAR".

The proceeds from the IPO are intended for the repayment of outstanding borrowings under its credit agreement and other general corporate activities, including enhancing working capital. Jefferies and Morgan Stanley are leading the offerings, with Moelis as the joint runner and additional participation from Citigroup and RBC.

Interested investors can obtain a preliminary prospectus from Jefferies, Morgan Stanley, or Moelis. The effectiveness of the registration statement by the Securities and Exchange Commission is pending, and the IPO's completion is subject to market conditions and regulatory approvals.