Houlihan Lokey Announces Pricing of Secondary Offering of HLI Class A Common Stock by Selling Stockholders
LOS ANGELES & NEW YORK – (BUSINESS WIRE) – Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”), the global investment bank, today announced the pricing of an underwritten public offering of 3,000,000 shares of Class A common stock of the Company, consisting of 1,985,983 shares offered by ORIX HLHZ Holding LLC (“ORIX”) and 1,014,017 shares offered by certain of the Company’s current and former employees and members of management (collectively with ORIX, the “Selling Stockholders”) at a public offering price of $49.15 per share. The Company is not offering any shares of Class A common stock in the offering and will not receive any of the proceeds from the sale of the shares of Class A common stock by the Selling Stockholders. The offering is expected to close on June 4, 2018, subject to customary closing conditions.