The Firm represented Hilton Worldwide Holdings Inc. (NYSE: HLT) in connection with a $987.3 million secondary offering of 15,000,000 shares of common stock by certain selling stockholders affiliated with The Blackstone Group L.P. Hilton also effected a $98.7 million share repurchase of 1,500,000 shares of common stock from the selling stockholders.
Hilton is a leading global hospitality company, with a portfolio of 14 brands comprising nearly 5,000 properties with more than 812,000 rooms in 103 countries and territories. The company’s portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations.
The Simpson Thacher team included Edgar Lewandowski (Capital Markets – NY); Joshua Ford Bonnie, Jonathan Pacheco and Natalie Karam (Capital Markets – D.C.); John Hart, Andrew Purcell and George Davis (Tax); Jonathan Lindabury (Derivatives); Jennifer Levitt and Mimi Cheng (Credit); Greg Grogan and Aimee Adler (Executive Compensation and Employee Benefits); Adeeb Fadil and Timothy Mulvihill (Environmental); Jennie Getsin (FINRA); and Ellen Smiley and James Rapp (Public Company Advisory Practice). Summer Associate Jesse Schulman (D.C.) also provided valuable assistance.