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 3,500,000 shares of its Class A common stock,
consisting of 1,750,000 shares offered by an affiliate of ORIX USA
Corporation (“ORIX”) and 1,750,000 shares offered by certain of the
Company’s employees and members of management (collectively, the
“Selling Stockholders”) at a public offering price of $42.00 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
underwriter has been granted a seven-day option to purchase up to an
additional 525,000 shares of Class A common stock from the Selling
Stockholders at the public offering price, less the underwriting
discount, solely to cover overallotments. To the extent such option is
exercised, one half of the additional shares will be sold by ORIX and
the other half by certain of the Company’s employees and members of
management. The offering is expected to close on October 30, 2017,
subject to customary closing conditions.
Morgan Stanley 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, when available, by
visiting the SEC’s website at http://www.sec.gov or by contacting:
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014.
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.
About Houlihan Lokey
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.
Forward-Looking Statements
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.
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Houlihan Lokey, Inc.
Investor Relations:
212-331-8225
IR@HL.com
or
Public
Relations:
212-331-8223
PR@HL.com
Source: Houlihan Lokey, Inc.