
Loar Holdings Secures Loan and Completes LMB Acquisition

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Loar Holdings Inc. has secured a $445 million incremental term loan to support its acquisition strategy and completed the acquisition of LMB for $367 million in cash, enhancing its capabilities in high-performance fans and motors. The deal was financed through cash and borrowings under the amended credit agreement. Analysts rate LOAR stock as a Buy with a price target of $83.00, although technical indicators suggest bearish momentum and overvaluation concerns. Loar Holdings operates in aerospace and industrial components, expanding its portfolio with LMB's specialized products.
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