MCLEAN, Va. - Saturday, June 28th 2014 [ME NewsWire]
(BUSINESS
WIRE)-- 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 $22.50 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 over
$2.3 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, 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. 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, 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 final
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:
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.
Contacts
Media Contact
Aaron Radelet
+1 703 883 5804
aaron.radelet@hilton.com
Investor Contact
Christian Charnaux
+1 703 883 5205
christian.charnaux@hilton.com
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