LOAR Blackstone Alternative Credit Advisors LP sells $247.8M worth of shares
Jun 21, 2025, 10:39 PM
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What does LOAR do
Loar Holdings, based in White Plains, New York, specializes in niche aerospace and defense components and went public on April 25, 2024, employing 1,400 people. The company serves commercial, business jet, and defense markets with mission-critical engineered solutions.
Blackstone Alternative Credit Advisors LP sold 3,000,000 shares of LOAR on 9 June at $82.61 per share, worth a total of $247.8M. They now own 6,802,527 LOAR shares, or a 96% holding decrease.
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