Hilton Issues Release Confirming Will Offer 117.64M Shares at $20/Share

Hilton Worldwide Holdings Inc. HLT announced today 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. Hilton Worldwide is offering 64,102,564 of such shares and a selling stockholder is offering 53,538,060 of such shares. 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. The shares are expected to begin trading on the New York Stock Exchange on December 12, 2013 under the ticker symbol “HLT.” The offering is expected to close on December 17, 2013, subject to customary closing conditions. Hilton Worldwide intends to use the net proceeds from the offering and available cash to repay approximately $1.25 billion of term loan borrowings outstanding under its senior secured credit facilities. Deutsche Bank Securities, Goldman, Sachs & Co., BofA Merrill Lynch, Morgan Stanley, J.P. Morgan and Wells Fargo Securities are acting as joint bookrunners. Blackstone Capital Markets, Macquarie Capital, Barclays, Mitsubishi UFJ Securities, Citigroup, Credit Suisse, HSBC, RBS, Baird, Credit Agricole CIB, Nomura, Raymond James, RBC Capital Markets, UBS Investment Bank, CastleOak Securities, L.P., Drexel Hamilton, Telsey Advisory Group and Ramirez and Co., Inc. are acting as co-managers.