Form 4: Blackstone Entities Sell Shares of Loar Holdings Inc. in Secondary Offering and Over-Allotment Exercise

Blackstone Holdings and related entities sold shares of Loar Holdings Inc. at $80.9077 per share in a secondary offering and subsequent exercise of the underwriters' over-allotment option.

Summary

• Blackstone Holdings IV L.P. and related entities filed a Form 4 detailing changes in beneficial ownership of Loar Holdings Inc. common stock.
• The transactions involve the sale of shares in a secondary offering that closed on May 16, 2025, and the exercise of an over-allotment option that closed on May 19, 2025.
• The sale price for both transactions was $80.9077 per share.
• The reporting entities include Blackstone Holdings IV L.P., its general partners, and related management entities, as well as Stephen A. Schwarzman.
• The shares are held directly by various Blackstone-affiliated funds, including GSO Capital Opportunities Fund III LP, Blackstone Private Credit Fund, BCRED Twin Peaks LLC, GSO Barre des Ecrins Master Fund SCSp, and GSO Orchid Fund LP.
• After the reported transactions, Blackstone entities continue to hold a significant number of Loar Holdings Inc. shares indirectly.

Sentiment

Score: 5

Explanation: The document is a regulatory filing detailing share sales, which is neutral in sentiment. It reflects a planned transaction rather than unexpected news.

Industry Context

Secondary offerings are a common way for large shareholders like private equity firms to reduce their stake in a company after an initial public offering or other significant event. The exercise of the over-allotment option suggests strong demand for the offering.

Stakeholder Impact

• The sale of shares by a major shareholder like Blackstone could create short-term price volatility.
• The increased float may improve liquidity for other shareholders.

Key Dates

Keywords

Loar Holdings Inc., Blackstone, Form 4, Beneficial Ownership, Secondary Offering, Over-Allotment Option, Share Sale, GSO Capital Opportunities Fund III LP, Blackstone Private Credit Fund, BCRED Twin Peaks LLC, GSO Barre des Ecrins Master Fund SCSp, GSO Orchid Fund LP