StandardAero Files 8-K for Material Agreement
Ticker: SARO · Form: 8-K · Filed: Oct 3, 2024 · CIK: 2025410
| Field | Detail |
|---|---|
| Company | Standardaero, Inc. (SARO) |
| Form Type | 8-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $24.00, $1,201.1 m, $475.5 million, $523.7 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action, filing
TL;DR
StandardAero inked a big deal & changed some bylaws. Check the filings.
AI Summary
StandardAero, Inc. announced on October 1, 2024, that it entered into a material definitive agreement. The company, formerly known as Dynasty Parent Co., Inc., also reported amendments to its articles of incorporation or bylaws and a change in its fiscal year. The filing details financial statements and exhibits related to these events.
Why It Matters
This 8-K filing indicates significant corporate actions by StandardAero, Inc., including a material definitive agreement and potential changes to its corporate structure or financial reporting, which could impact investors and stakeholders.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and corporate changes, which can introduce uncertainty and potential risks for investors.
Key Numbers
- 001-42298 — SEC File Number (Identifies the company's filing history with the SEC.)
- 30-1138150 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- StandardAero, Inc. (company) — Registrant
- Dynasty Parent Co., Inc. (company) — Former Company Name
- October 1, 2024 (date) — Date of earliest event reported
- 6710 North Scottsdale Road, Suite 250 (address) — Principal Executive Offices
- Scottsdale, Arizona 85253 (address) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by StandardAero, Inc. on October 1, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the summary text.
What specific amendments were made to StandardAero, Inc.'s articles of incorporation or bylaws?
The filing states that amendments were made, but the specific nature of these amendments is not detailed in the provided text.
When did StandardAero, Inc. officially change its name from Dynasty Parent Co., Inc.?
The filing does not explicitly state the date of the name change from Dynasty Parent Co., Inc. to StandardAero, Inc.
What is the primary business of StandardAero, Inc.?
StandardAero, Inc. is in the business of AIRCRAFT ENGINES & ENGINE PARTS, as indicated by its Standard Industrial Classification code [3724].
What is the fiscal year end for StandardAero, Inc.?
The fiscal year end for StandardAero, Inc. is December 31 (1231).
Filing Stats: 1,218 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-10-03 16:17:00
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value per share SARO The New Yo
- $24.00 — ommon Stock at a price to the public of $24.00 per share, 53,250,000 of which shares w
- $1,201.1 m — ny from the Offering were approximately $1,201.1 million, after deducting underwriting dis
- $475.5 million — from the Offering to: (i) redeem all $475.5 million aggregate principal amount of the senio
- $523.7 million — teral agent and L/C issuer, as follows: $523.7 million aggregate principal amount of that cert
- $1,988.5 million — egate principal amount of approximately $1,988.5 million (the "2024 Term B-1 Loan Facility"), an
- $201.9 million — the "2024 Term B-1 Loan Facility"), and $201.9 million aggregate principal amount of that cert
- $766.7 million — egate principal amount of approximately $766.7 million (the "2024 Term Loan B-2 Facility").
- $1,464.8 million — Facility, the Company had approximately $1,464.8 million and $564.8 million of loans outstanding
- $564.8 million — had approximately $1,464.8 million and $564.8 million of loans outstanding under the 2024 Ter
Filing Documents
- d844398d8k.htm (8-K) — 33KB
- d844398dex31.htm (EX-3.1) — 85KB
- d844398dex32.htm (EX-3.2) — 210KB
- d844398dex101.htm (EX-10.1) — 185KB
- 0001193125-24-232250.txt ( ) — 744KB
- saro-20241001.xsd (EX-101.SCH) — 3KB
- saro-20241001_lab.xml (EX-101.LAB) — 18KB
- saro-20241001_pre.xml (EX-101.PRE) — 11KB
- d844398d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description 3.1 Amended and Restated Certificate of Incorporation of StandardAero, Inc. 3.2 Amended and Restated Bylaws of StandardAero, Inc. 10.1 Stockholders Agreement, dated October 1, 2024 among StandardAero, Inc. and certain of its stockholders. 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, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STANDARDAERO, INC. Date: October 3, 2024 By: /s/ Daniel Satterfield Daniel Satterfield Chief Financial Officer