Every material Form 8-K StandardAero filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
StandardAero reported third quarter 2024 revenue of $1.24 billion, up 13.2% from a year earlier, and net income of $16.4 million, compared with a net loss of $17.9 million in the prior-year quarter. Adjusted EBITDA rose 26.0% to $168.4 million, and the company said its October 2024 IPO and debt refinancing are expected to produce more than $130 million in annual interest savings compared with pre-IPO levels.
Revenue was $1.24 billion ($1,244.6 million), up 13.2% from $1.10 billion a year earlier, led by commercial aerospace (up 20%) and business aviation (up 15%).
Net income was $16.4 million, or $0.06 per share, versus a net loss of $17.9 million, or $(0.06) per share, in the prior-year quarter.
Adjusted EBITDA was $168.4 million, up 26.0%, with margin of 13.5%, up 137 basis points.
The IPO closed October 2, 2024 at $24.00 per share, with about $1.2 billion of net proceeds used to repay debt; new credit facilities were put in place October 31, 2024.
On October 31, 2024, StandardAero subsidiaries Dynasty Acquisition Co. and Standard Aero Limited entered a new credit agreement with UBS AG as administrative agent, providing a $1,630.0 million U.S. term loan, a $620.0 million Canadian term loan, and a revolving credit facility of up to $750.0 million. Proceeds were used to repay in full the company's prior cash flow and ABL credit agreements, which were terminated upon repayment. The filing does not report earnings or guidance; for shareholders, the change is a refinancing of existing debt into new secured borrowings with later maturities.
U.S. term loan B-1 of $1,630.0 million matures October 31, 2031
Canadian term loan B-2 of $620.0 million matures October 31, 2031; revolver of up to $750.0 million matures October 31, 2029
Approximately $95.0 million of revolver proceeds used at closing, with term loan proceeds, to repay prior credit agreements
Term loans priced at Term SOFR plus 2.00% to 2.25%, with quarterly amortization starting March 31, 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every StandardAero filing is on SEC EDGAR ↗. 8-K briefs of other companies →