Hilton Completes $2.3 Bln Secondary Offering

(RTTNews) - Hilton Worldwide Holdings Inc. (HLT) said Friday that it has completed a secondary offering of 103.5 million shares of Hilton Worldwide common stock by certain selling stockholders affiliated with The Blackstone Group L.P. (BX) at a price to the public of $22.50 per share, including 13.5 million 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.