Form 4: Blackstone Group Sells Shares in Loar Holdings Inc. Following Secondary Offering

Blackstone Holdings IV L.P. and related entities sold shares of Loar Holdings Inc. common stock following a secondary offering and the exercise of the underwriters' over-allotment option.

Summary

• Blackstone Holdings IV L.P. and related entities reported the sale of Loar Holdings Inc. common stock.
• The sales occurred on May 16, 2025, and May 19, 2025, at a price of $80.9077 per share.
• These transactions were related to a secondary offering and the exercise of the underwriters' over-allotment option.
• The total number of shares sold on May 16, 2025, was 1,507,994.
• The total number of shares sold on May 19, 2025, was 234,563.
• Following these transactions, Blackstone entities continue to hold a significant number of Loar Holdings Inc. shares indirectly.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing positive or negative views about the company's prospects.

Industry Context

Form 4 filings are standard practice when significant shareholders, like Blackstone, alter their ownership positions in a publicly traded company. This sale could be part of Blackstone's broader investment strategy or a response to market conditions.

Comparison to Industry Standards

• Blackstone's sale of shares is a common activity for private equity firms after a company they invested in goes public.
• Similar transactions can be observed with other major private equity firms like KKR or Apollo Global Management when they reduce their stakes in portfolio companies.
• The sale price of $80.9077 per share would need to be compared to the market price of Loar Holdings Inc. at the time to assess the impact of the sale.

Stakeholder Impact

• The sale of shares by a major shareholder like Blackstone could create short-term price volatility for Loar Holdings Inc.'s stock.
• The long-term impact on stakeholders will depend on the company's performance and future strategic decisions.

Key Dates

Keywords

Loar Holdings Inc., Blackstone, Share Sale, Secondary Offering, Form 4, Beneficial Ownership, GSO Capital, BCRED, Blackstone Private Credit Fund