MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton Worldwide" or the "Company") announced today the pricing of a secondary offering of 90,000,000 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. The underwriters have a 30-day option to purchase up to an additional 13,500,000 shares of common stock from the selling stockholders. The offering is expected to close on November 6, 2014, subject to customary closing conditions.
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 are serving as representatives of the underwriters and joint book-running managers for the offering. J.P. Morgan, Citigroup, Credit Suisse and Wells Fargo Securities are also acting 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 are acting as co-managers.
The offering will be made only by means of a prospectus. A copy of the prospectus relating to these securities may be obtained, when available, from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, via telephone: 1-800-503-4611 or via email: prospectus.cpdg@db.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: prospectus-ny@ny.email.gs.com; BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, via email: dg.prospectus_requests@baml.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.
