Hilton Prices Shares in Secondary Offering

Hilton Worldwide Holdings, a global hospitality company, priced a secondary offering of 15 million shares of Hilton common stock by certain selling stockholders affiliated with The Blackstone Group. The offering is expected to close Tuesday, the company said in a press release Thursday. Hilton said it is not offering any shares of common stock in the offering and will not get any proceeds from the sale of shares in this offering. Further, none of Hilton’s officers or directors are selling any shares of common stock beneficially owned by them in the offering.

In addition, as previously announced, Hilton has entered into a share repurchase agreement with the selling stockholders pursuant to which Hilton will buy back up to 1.5 million shares directly from the selling stockholders. The share repurchase will be effected in a private, non-underwritten transaction at a price per share equal to the price paid by the underwriters in the offering.

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