Hilton Worldwide Completes $2.6 Billion Secondary Offering
Hilton Worldwide Holdings Inc. (“Hilton Worldwide” or the “Company”) announced today the completion of a secondary offering of 103,500,000 shares of Hilton Worldwide common stock by certain selling stockholders affiliated with The Blackstone Group L.P. at a price to the public of $25.00 per share, including 13,500,000 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, resulting in gross proceeds of approximately $2.6 billion.
Hilton Worldwide did not offer any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of Hilton Worldwide’s officers or directors sold any shares of common stock beneficially owned by them in the offering.
Deutsche Bank Securities, Goldman, Sachs & Co., BofA Merrill Lynch and Morgan Stanley served as representatives of the underwriters and joint book-running managers for the offering. J.P. Morgan, Citigroup, Credit Suisse and Wells Fargo Securities also acted as joint book-running managers for the offering. HSBC, UBS Investment Bank, Barclays, Credit Agricole CIB, Macquarie Capital, Nomura, MUFG, RBS, Baird, Evercore ISI, RBC Capital Markets, CastleOak Securities, L.P., Drexel Hamilton, Ramirez & Co., Inc. and Telsey Advisory Group acted as co-managers.
The offering was made only by means of a prospectus. A copy of the prospectus relating to these securities may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, via telephone: 1-800-503-4611 or via email: email@example.com; Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, via telephone: 1-866-471-2526, via facsimile: 1-212-902-9316 or via email: firstname.lastname@example.org; BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, via email: email@example.com; and Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to the securities was filed with, and declared effective by, the Securities and Exchange Commission (“SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Hilton Worldwide
Hilton Worldwide (NYSE:HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of twelve world-class global brands is comprised of more than 4,250 managed, franchised, owned and leased hotels and timeshare properties, with more than 700,000 rooms in 93 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Curio – A Collection by Hilton, Canopy by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors(R).
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Part I -Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed with the SEC, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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