StandardAero has priced its upsized underwritten public offering by two of its stockholders — the Carlyle Group and GIC Private — of 36 million shares of the company's stock, par value $0.01 per share, at a price to the public of $28 per share on March 25, 2025.
The selling stockholders will receive all of the net proceeds from this offering and no shares are being sold by the company. The offering is expected to close on March 27, 2025. Carlyle and GIC granted the underwriters a 30-day option to purchase up to 5.4 million additional shares of the company's common stock.
Joint lead bookrunning managers for the offer are JP Morgan, Morgan Stanley, RBC Capital Markets, BofA Securities, UBS Investment Bank, and Jefferies. Joint bookrunning managers are CIBC Capital Markets, Societe Generale, Citizens Capital Markets, Mizuho, Santander, and Wolfe | Nomura Alliance. Comanagers are Carlyle, AmeriVet Securities, and Drexel Hamilton.
The stockholders had noted a day prior their intention to sell 30 million shares.