Home/Filings/8-K/A/0001193125-25-332703
8-K/A//SEC Filing

Loar Holdings Inc. 8-K/A

Accession 0001193125-25-332703

$LOARCIK 0002000178operating

Filed

Dec 28, 7:00 PM ET

Accepted

Dec 29, 9:08 AM ET

Size

3.0 MB

Accession

0001193125-25-332703

Research Summary

AI-generated summary of this filing

Updated

Loar Holdings Inc. Announces LMB Acquisition, $445M Incremental Loan

What Happened

  • Loar Holdings Inc. announced it completed the acquisition of LMB and, on December 23, 2025, amended its existing credit agreement to provide Loar Group an incremental term loan of $445 million. The loan funds a portion of the purchase price, related fees and expenses, and general working capital needs. A press release announcing the closing was issued on December 26, 2025.

Key Details

  • Credit Amendment: Nineteenth Amendment to Credit Agreement dated December 23, 2025 (Exhibit 10.1). Agents include First Eagle Alternative Credit, LLC (administrative and collateral agent) and Citibank, N.A. (revolving administrative agent).
  • Incremental Loan: $445 million aggregate principal incremental term loan made available to Loar Group.
  • Acquisition Consideration: The filing notes aggregate cash consideration of $367 million plus assumption of approximately €367 million of net debt for the purchase of ASC3 LMB Topco and ASC3 LMB FinCo (collectively, "LMB") from the Sellers.
  • Use of Proceeds: To pay part of the purchase consideration under the securities purchase agreement, to pay related fees and expenses, and to fund working capital and general corporate purposes.
  • Agreement Terms: The amended Credit Agreement includes representations, warranties, covenants and events of default customary for such financings.

Why It Matters

  • This transaction materially increases Loar’s funded debt to support the LMB buyout — investors should note the $445M incremental loan and the assumed net debt tied to the acquisition. The financing and acquisition will affect Loar’s balance sheet and leverage profile and may influence future cash flow needs for debt service and integration costs. The filing provides the amendment and a company press release for further detail.