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Wednesday, May 30, 2018
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.
The Company has agreed to repurchase from ORIX, concurrently with the closing of the offering, 697,000 shares of Class A common stock of the Company held by ORIX at a purchase price per share equal to the price per share paid by the underwriter in the offering.
Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering.
The offering is being made pursuant to an effective shelf registration statement, including a prospectus and related prospectus supplement, filed by the Company with the Securities and Exchange Commission (“SEC”). These documents may be obtained for free by visiting the SEC’s website at
http://www.sec.gov or by contacting: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectusfirstname.lastname@example.org.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful
prior to registration or qualification under the securities laws of such state or other jurisdiction.
This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,”
and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond the Company’s control and could materially
affect actual results, performance, or achievements. For a further description of such factors, you should read the Company’s filings with the SEC. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future
events, or otherwise.
Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for all U.S. transactions, the No. 1 global restructuring advisor, and the No. 1 global M&A fairness opinion advisor over the past 20 years, according to Thomson Reuters.
For press inquiries, contact
PR@HL.com or 212.331.8223.