Hilton Worldwide Holdings Inc Prices Initial Public Offering


Wednesday, 11 Dec 2013 04:53pm EST 

Hilton Worldwide Holdings Inc:Says the pricing of its initial public offering of 117,640,624 shares of common stock at a price to the public of $20.00 per share.Says Hilton Worldwide is offering 64,102,564 of such shares and a selling stockholder is offering 53,538,060 of such shares.Says the selling stockholder has granted the underwriters an option to purchase up to an additional 17,646,093 shares at the initial public offering price less the underwriting discount.Says the shares are expected to begin trading on the New York Stock Exchange on Dec. 12 under the ticker symbol HLT.Says the offering is expected to close on Dec. 17 subject to customary closing conditions.Says Hilton Worldwide intends to use the net proceeds from the offering and available cash to repay about $1.25 billion of term loan borrowings outstanding under its senior secured credit facilities.Says Deutsche Bank Securities, Goldman, Sachs & Co., BofA Merrill Lynch, Morgan Stanley, J.P. Morgan and Wells Fargo Securities are acting as joint bookrunners.Says Blackstone Capital Markets, Macquarie Capital, Barclays, Mitsubishi UFJ Securities, Citigroup, Credit Suisse, HSBC, RBS, Baird, Credit Agricole CIB, Nomura, Raymond James, RBC Capital Markets are acting as co-managers.UBS Investment Bank, CastleOak Securities, L.P., Drexel Hamilton, Telsey Advisory Group and Ramirez and Co., Inc. are also acting as co-managers.