Hilton $4.8 Billion Secondary Offering

Davis Polk advised the several underwriters in connection with the $4.8 billion secondary offering of 66,000,000 shares of common stock of Hilton Worldwide Holdings Inc. by a selling stockholder affiliated with HNA Tourism Group Co., Ltd., which included the full exercise of the underwriters’ option to purchase additional shares. Hilton’s common stock is traded on the New York Stock Exchange under the symbol “HLT.”

Goldman Sachs & Co. LLC, J.P. Morgan, Deutsche Bank Securities

BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank, Barclays, Wells Fargo Securities and Credit Suisse acted as underwriters.

Hilton is a global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,000 properties with more than 850,000 rooms in 105 countries and territories.

The Davis Polk corporate team included partner Shane Tintle (Picture) and associates Dan Gibbons, Jacqueline Marino and Milson C. Yu. Counsel Loyti Cheng provided environmental advice. Partner Po Sit provided tax advice.


Involved fees earner: Shane Tintle – Davis Polk & Wardwell; Dan Gibbons – Davis Polk & Wardwell; Jacqueline Marino – Davis Polk & Wardwell; Milson C. Yu – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Bank; Bank of America Merrill Lynch; Credit Suisse; Deutsche Bank Securities; Goldman, Sachs & Co.; JP Morgan; Morgan Stanley; UBS Investment Bank; Wells Fargo Securities;


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Author: Ambrogio Visconti