Hilton Worldwide Commences Secondary Offering Of 90 Mln Shares

(RTTNews) - Hospitality company Hilton Worldwide Holdings Inc. (HLT) said certain selling stockholders affiliated with The Blackstone Group L.P. have commenced a secondary offering of 90 million shares of Hilton Worldwide common stock.

The underwriters will have a 30-day option to purchase up to an additional 13.5 million shares of common stock from the selling stockholders.

Hilton Worldwide is not offering 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 its officers or directors are selling any shares of common stock beneficially owned by them in the offering.

Deutsche Bank Securities, BofA Merrill Lynch and Citigroup are serving as joint book-running managers for the offering.