StandardAero Announces Pricing of its Upsized Initial Public Offering
2024年10月2日 - 8:42AM
ビジネスワイヤ(英語)
StandardAero, Inc. (“StandardAero”) announced today the pricing
of its initial public offering of 60,000,000 shares of its common
stock, at a public offering price of $24.00 per share. The shares
include 53,250,000 shares to be issued and sold by StandardAero and
6,750,000 shares to be sold by existing stockholders. The size of
the offering was upsized from the previously announced 46,500,000
shares. Shares of StandardAero common stock are expected to begin
trading on The New York Stock Exchange under the symbol "SARO" on
October 2, 2024. The offering is expected to close on October 3,
2024, subject to the satisfaction of customary closing
conditions.
In addition, the selling stockholders have granted the
underwriters a 30-day option to purchase up to an aggregate of
9,000,000 additional shares of common stock from them at the
initial public offering price, less underwriting discounts and
commissions, upsized from the previously announced 30-day option to
purchase up to an aggregate of 6,975,000 additional shares of
common stock.
J.P. Morgan, Morgan Stanley (in alphabetical order), BofA
Securities, UBS Investment Bank, Jefferies and RBC Capital Markets
are acting as lead book-running managers for the proposed offering.
Carlyle, CIBC Capital Markets, HSBC Securities (USA) Inc., Mizuho
Securities USA LLC, Societe Generale and Wolfe | Nomura Alliance
are acting as joint book-running managers, and Citizens JMP
Securities, LLC, Macquarie Capital, Santander, AmeriVet Securities,
Inc. and Drexel Hamilton, LLC are acting as co-managers for the
offering.
A registration statement on Form S-1 relating to these
securities was declared effective by the Securities and Exchange
Commission on October 1, 2024. The offering is being made only by
means of a prospectus. The offering will be made only by means of a
prospectus. Copies of the final prospectus relating to this
offering, when available, may be obtained from: J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com and Morgan Stanley & Co.
LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About StandardAero
StandardAero is a leading independent pure-play provider of
aerospace engine aftermarket services for fixed and rotary wing
aircraft, serving the commercial, military and business aviation
end markets. StandardAero provides a comprehensive suite of
critical, value-added aftermarket solutions, including engine
maintenance, repair and overhaul, engine component repair, on-wing
and field service support, asset management and engineering
solutions. StandardAero is majority owned by global investment firm
Carlyle (NASDAQ: CG).
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release constitute
forward-looking statements, including with respect to the closing
of the initial public offering. Management has based these
forward-looking statements on its current expectations,
assumptions, estimates and projections. While they believe these
expectations, assumptions, estimates and projections are
reasonable, such forward-looking statements are only predictions
and involve known and unknown risks and uncertainties, many of
which are beyond management’s control. These statements involve
risks and uncertainties that may cause StandardAero’s actual
results, performance or achievements to differ materially from any
future results, performance or achievements expressed or implied by
these forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and, except as
required by law, StandardAero assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241001624818/en/
Investors: investors@StandardAero.com (480) 377-3142
Alex Trapp Alex.Trapp@StandardAero.com
Media: Kyle Hultquist Kyle.Hultquist@StandardAero.com