Loar Holdings Inc. Files 8-K for Material Definitive Agreement

TL;DR

Loar Holdings Inc. signed a big financial deal on 7/18/24. 8-K filed.

AI Summary

On July 18, 2024, Loar Holdings Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware with its principal executive offices at 20 New King St., White Plains, NY, filed this 8-K report.

Why It Matters

This filing indicates Loar Holdings Inc. has entered into a significant financial agreement, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and direct financial obligations can introduce financial risks and obligations for the company.

Key Numbers

• 001-42030 — SEC File Number (Identifies the company's filing history with the SEC.)
• 20240718 — Report Date (Indicates the earliest event date covered by the report.)

Key Players & Entities

• Loar Holdings Inc. (company) — Registrant
• July 18, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 20 New King Street, White Plains, New York 10604 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share LOAR New York Stock Excha
• $385 m — ate cash consideration of approximately $385 million, subject to certain adjustments a
• $2 million — will deposit, or cause to be deposited, $2 million with an escrow agent to be held pending
• $15,400,000 — d to pay AAI a termination fee equal to $15,400,000 in the event that the Purchase Agreemen

Filing Documents

• d841700d8k.htm (8-K) — 37KB
• d841700dex101.htm (EX-10.1) — 438KB
• d841700dex991.htm (EX-99.1) — 8KB
• 0001193125-24-181927.txt ( ) — 722KB
• loar-20240718.xsd (EX-101.SCH) — 3KB
• loar-20240718_lab.xml (EX-101.LAB) — 18KB
• loar-20240718_pre.xml (EX-101.PRE) — 11KB
• d841700d8k_htm.xml (XML) — 4KB

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes express or implied forward-looking statements. Forward-looking statements include all statements that are not historical facts including those that reflect our current views with respect to, among other things, the Registrant's ability to timely close on the acquisition of AAI, the Registrant's ability to finance such acquisition and the expected financial performance of AAI. The words "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words or similar terms and phrases may identify forward-looking statements in this press release, but the absence of these words does not mean that a statement is not forward-looking. Actual results may differ materially from our expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, and other factors, many of which are beyond our control. We believe that these factors include but are not limited to the following: the almost exclusive focus of our business on the aerospace and defense industry; our heavy reliance on certain customers for a significant portion of our sales; the fact that we have in the past consummated acquisitions and our intention to continue to pursue acquisitions, and that our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations; and the other risks and uncertainties described under "Risk Factors" of the Registrant 's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed with the Securities and Exchange Commission (" SEC ") on May 14, 2024, and other periodic reports filed by the Registrant from time to time with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Purchase Agreement, dated as of July 18, 2024, by and among AAI Holdings, Inc., a Delaware corporation, Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative of AAI Holdings, Inc., a Delaware corporation, Applied Avionics, Inc., a Texas corporation, and Loar Group Inc., a Delaware corporation. 99.1 Press Release, dated July 19, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. Date: July 22, 2024 Loar Holdings Inc. By: /s/ Michael Manella Name: Michael Manella Title: Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR