Financial News

Hilton Announces Full Exercise of Option to Purchase Additional Shares in Secondary Offering

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today that the underwriters exercised in full their option to purchase an additional 6,000,000 shares of Hilton common stock at an exercise price of $73.00 per share in connection with the previously announced offering of 60,000,000 shares of Hilton common stock by a selling stockholder affiliated with HNA Tourism Group Co., Ltd. (“HNA”). The closing of the option is expected to occur on April 13, 2018, concurrently with the closing of the offering, subject to the satisfaction of customary closing conditions. Following the closing of the offering and the previously announced repurchase by Hilton of an aggregate of 16,500,000 shares directly from the selling stockholder, HNA will no longer beneficially own any shares of Hilton’s common stock.

Hilton Announces Launch of Senior Notes Offering

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the “Issuer”) intends to offer $500 million aggregate principal amount of the Issuer’s Senior Notes due 2026 (the “Notes”). The Issuer intends to use the proceeds from the offering, together with available cash and borrowings under Hilton’s revolving credit facility, to fund the repurchase of 10,000,000 shares of common stock of Hilton beneficially owned by HNA Tourism Group Co., Ltd. Any remaining proceeds will be used for general corporate purposes. In the event Hilton elects to purchase up to 6,500,000 additional shares, Hilton expects to fund such purchase with available cash, incremental borrowings under its revolving credit facility and/or an increase in the principal amount of the Notes.

Hilton Announces Pricing of Senior Notes Offering

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the “Issuer”) finalized the terms of the Issuer’s offering of $1,500 million aggregate principal amount of 5.125% Senior Notes due 2026 (the “Notes”). The Issuer anticipates that consummation of the offering will occur on April 13, 2018, subject to customary closing conditions, and intends to use the proceeds from the offering, together with available cash and borrowings under Hilton’s revolving credit facility, to fund the repurchase of 16,500,000 shares of common stock of Hilton beneficially owned by HNA Tourism Group Co., Ltd. and to repay a portion of the outstanding indebtedness under Hilton’s senior secured term loan facility.

Hilton Prices Secondary Offering

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today the pricing of a secondary offering of 60,000,000 shares of Hilton common stock by a selling stockholder affiliated with HNA Tourism Group Co., Ltd. (“HNA”) at a price to the public of $73.00 per share. The offering is expected to close on April 13, 2018, subject to customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 6,000,000 shares of common stock from the selling stockholder.

Hilton Announces Secondary Offering of 63,050,000 Shares of Common Stock and Stock Repurchase

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today that a selling stockholder affiliated with HNA Tourism Group Co., Ltd. (“HNA”) has commenced a secondary offering of 63,050,000 shares of Hilton common stock. The underwriters will have a 30-day option to purchase up to an additional 9,450,000 shares of common stock from the selling stockholder.

Hilton Announces First Quarter 2018 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report first quarter 2018 financial results prior to the stock market open on Thursday, April 26, 2018, followed by a conference call at 10:00 a.m. Eastern Time. Christopher J. Nassetta, Hilton's president and chief executive officer, and Kevin Jacobs, Hilton's executive vice president and chief financial officer, will discuss the company's performance and lead a question-and-answer session.

Hilton Exceeds Fourth Quarter and Full Year Expectations; Provides 2018 Outlook

Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its fourth quarter and full year 2017 results.

Hilton Led Hospitality Industry in Customer Innovations and Recorded Best Ever Growth in 2017

In 2017, Hilton achieved record-setting growth, unveiled industry-leading innovations, and introduced new benefits for guests and Team Members.

Hilton Announces Fourth Quarter and Full Year 2017 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report fourth quarter and full year 2017 financial results prior to the stock market open on Wednesday, February 14, 2018, followed by a conference call at 10:00 a.m. Eastern Time.

Hilton Increases Stock Repurchase Authorization By $1 Billion

The Board of Directors of Hilton Worldwide Holdings Inc. (NYSE: HLT) has authorized the repurchase of an additional $1 billion of common stock under the Company’s existing stock repurchase program, bringing the total amount currently authorized for repurchase to approximately $1.3 billion.

Hilton Reports Third Quarter Results, Raises Full Year Outlook

Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its third quarter 2017 results. All results herein present the performance of Hilton giving effect to the spin-offs of Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV") on January 3, 2017 (the "spin-offs"), with the historical financial results of Park and HGV reflected as discontinued operations. Additionally, all share and share-related information presented herein for periods prior to January 3, 2017 have been retrospectively adjusted to reflect the 1-for-3 reverse stock split of Hilton's outstanding common stock that occurred on January 3, 2017 (the "Reverse Stock Split").

Hilton Named a Top 10 World’s Best Workplace

Hilton (NYSE: HLT) was today named the highest ranked hospitality company on the list of the World’s Best Workplaces by Great Place to Work®, joining a group of 25 elite global companies recognized for high-trust, high-performing workplace cultures in 2017.

Hilton Announces Secondary Offering of 14,610,000 Shares of Common Stock

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today that certain selling stockholders affiliated with The Blackstone Group L.P. have commenced a secondary offering of 14,610,000 shares of Hilton common stock.

Hilton Prices Secondary Offering

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today the pricing of a secondary offering of 14,610,000 shares of Hilton common stock by certain selling stockholders affiliated with The Blackstone Group L.P. The offering is expected to close on October 4, 2017, subject to customary closing conditions.

Hilton Announces Third Quarter 2017 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report third quarter financial results prior to the stock market open on Thursday, October 26, 2017, followed by a conference call at 10:00 a.m. Eastern Time. Christopher J. Nassetta, Hilton's president and chief executive officer, and Kevin Jacobs, Hilton's executive vice president and chief financial officer, will discuss the company's performance and lead a question-and-answer session.

Hilton Appoints Raymond E. Mabus, Jr. and Zhang Ling to Board of Directors

Hilton Worldwide Holdings Inc. (NYSE: HLT) today announced the appointment of Raymond E. Mabus, Jr., and Zhang Ling to its board of directors, effective immediately. Mr. Mabus, an independent director, and Mr. Zhang were nominated for election by HNA Group following the tourism leader’s strategic investment in Hilton.

Hilton Announces New Head of Brand Communications

Hilton (NYSE:HLT) today announced Craig Dezern has joined the company as Vice President of a newly created team, Brand Communications. In his role, Dezern will lead global communications across Hilton’s 14 industry-leading brands as well as for the award-winning Hilton Honors loyalty program

Hilton Appoints Melanie L. Healey to Board of Directors

Hilton Worldwide Holdings Inc. (NYSE: HLT) announced today the appointment of Melanie L. Healey, former Group President of The Procter & Gamble Company, to its board of directors, effective immediately.

Hilton Domestic Operating Company Inc., Hilton Worldwide Finance LLC and Hilton Worldwide Finance Corp. Announce Extension of Exchange Offer

Hilton Domestic Operating Company Inc. (“HOC”), Hilton Worldwide Finance LLC (“HWF”) and Hilton Worldwide Finance Corp. (“HWFC”), indirect subsidiaries of Hilton Worldwide Holdings Inc., announced today that they have extended the expiration date of their offer to exchange up to (i) $1,000,000,000 aggregate principal amount of HOC’s 4.250% Senior Notes due 2024

Hilton Reports Second Quarter Results, Raises Full Year Outlook

Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its second quarter 2017 results. All results herein present the performance of Hilton giving effect to the spin-offs of Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV") on January 3, 2017 (the "spin-offs"), with the historical financial results of Park and HGV reflected as discontinued operations. Additionally, all historical share and share-related information presented herein have been retrospectively adjusted to reflect the 1-for-3 reverse stock split of Hilton's outstanding common stock that occurred on January 3, 2017 (the "Reverse Stock Split").

Hilton Recommends Stockholders Reject TRC Capital’s Mini-Tender Offer

Hilton Worldwide Holdings Inc. (NYSE: HLT) received notice on July 18, 2017 of an unsolicited mini-tender offer being conducted by TRC Capital Corporation (“TRC Capital”) to purchase up to 2,000,000 shares, or approximately 0.61 percent, of Hilton’s common stock outstanding as of July 17, 2017 at a cash price of $59.75 per share. The offering price is approximately 4.4 percent below the $62.49 closing price per share of Hilton’s common stock on July 18, 2017.