SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Standard Aero, Inc. (Standard Aero) today announced the pricing of its initial public offering of 60,000,000 shares of its common stock at an offering price of $24.00 per share. The shares include 53.25 million shares issued and sold by Standard Aero and 6.75 million shares sold by existing shareholders. The size of the offering has increased from the previously announced 46.5 million shares. Standard Aero’s common stock is expected to begin trading on the New York Stock Exchange on October 2, 2024 under the symbol “SARO.” The offering is expected to close on October 3, 2024, subject to customary closing conditions.
In addition, Selling Stockholders have an option to purchase from the Underwriters an additional aggregate of 9,000,000 shares of common stock from the Underwriters at the initial public offering price less underwriting discounts and commissions that are increased from the previously announced 30 days. granted a 30-day option to do so. Day option to purchase up to an additional 6,975,000 shares of common stock in aggregate.
JP Morgan, morgan stanley (in alphabetical order), BofA Securities, UBS Investment Bank, Jefferies and RBC Capital Markets are acting as lead managers for the proposed offering. Carlyle, CIBC Capital Markets, HSBC Securities (USA) Inc., Mizuho Securities USA LLC, Societe Generale (OTC:), Wolfe|Nomura Alliance are acting as joint bookrunning managers, Citizens JMP Securities, LLC, Macquarie Capital, Santander (BME:), 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 has been declared effective on October 1, 2024 by the Securities and Exchange Commission. The offering will be made only by means of a prospectus. The offering will be made only by means of a prospectus. A copy of the final prospectus relating to this offering, when available, may be obtained from: J.P. Morgan Securities LLC, c/o broadridge financial solutions (NYSE:), 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com and Morgan Stanley & Co. (NYSE:). LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall this press release constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall it constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any registration or prior to registration in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. There shall be no sale of these securities. Eligibility under the securities laws of any applicable state or jurisdiction.
About Standard Aero
StandardAero is a leading independent provider of aerospace engine aftermarket services for fixed-wing and rotary-wing aircraft, serving commercial, military, and business aviation end markets. StandardAero offers a comprehensive suite of significant 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 note regarding forward-looking statements
Certain statements contained in this press release constitute forward-looking statements, including with respect to the completion of our initial public offering. Management has based these forward-looking statements on current expectations, assumptions, estimates and projections. Although they believe that these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties. , much of which is beyond management’s control. These statements involve risks and uncertainties that may cause StandardAero’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. It is. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements and, except as required by law, StandardAero does not guarantee that forward-looking statements, whether as a result of new information or future events, We undertake no obligation, and do not intend, to update or revise any forward-looking statements. , or otherwise.
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Investor:
investor@StandardAero.com
(480) 377-3142
alex trapp
Alex.Trapp@StandardAero.com
media:
Kyle Hultquist
Kyle.Hultquist@StandardAero.com
Source: Standard Aero Co., Ltd.
