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
$22.50 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 June 27, 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, 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. Credit Agricole CIB, HSBC, Macquarie Capital,
Barclays, Nomura, Mitsubishi UFJ Securities, RBS Securities Inc., Baird,
Raymond James, RBC Capital Markets, UBS Investment Bank, CastleOak
Securities, L.P., Drexel Hamilton, Telsey Advisory Group and Ramirez &
Co., Inc. are acting as co-managers.
The offering will be made only by means of a prospectus. A copy of the
preliminary 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;
BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New
York, New York 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 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
eleven world-class global brands is comprised of more than 4,100
managed, franchised, owned and leased hotels and timeshare properties,
with more than 685,000 rooms in 92 countries and territories, including
Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels
& Resorts, Curio – A Collection 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®.
Forward-Looking Statements
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. 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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