LOS ANGELES & NEW YORK--(BUSINESS WIRE)--
Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”),
the global investment bank,today announced an underwritten
public offering of 10,000,000 shares of its Class A common stock,
consisting of 7,500,000 shares offered by the Company and 2,500,000
shares offered by certain of the Company’s employees and members of
management (collectively, the “Selling Stockholders”). The underwriters
are expected to be granted a 30-day option to purchase up to an
additional 1,500,000 shares of Class A common stock from the Company and
the Selling Stockholders.
Houlihan Lokey intends to use the net proceeds that it receives from
this offering, after deducting estimated underwriting discounts and
commissions, but before estimated offering expenses, to acquire in April
2017 a number of shares of its outstanding Class B common stock equal to
the number of shares of Class A common stock sold by the Company in the
offering (including any shares sold pursuant to the underwriters’ option
to purchase additional shares) from an affiliate of ORIX USA Corporation
at a price per share equal to the price per share at which the Class A
common stock is sold in the offering, after deducting underwriting
discounts and commissions.
Houlihan Lokey will not receive any of the proceeds from the sale of the
shares of Class A common stock by the Selling Stockholders in this
offering.
BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan are acting as
joint book-running managers for the offering. UBS Investment Bank, Keefe
Bruyette & Woods, Inc. and Houlihan Lokey Capital, Inc. are additional
book-running managers. Sandler O’Neill + Partners, L.P. and JMP
Securities are acting as co-managers 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: BofA Merrill Lynch (NC1-004-03-43), 200 North College
Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus
Department, or by emailing dg.prospectus_requests@baml.com;
Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York,
NY 10282, telephone: 866-471-2526, facsimile: 212-902-9316 or by
emailing prospectus-ny@ny.email.gs.com;
or J.P. Morgan, Attention: Prospectus Department, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by
calling 866-803-9204.
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, and the Asia-Pacific region. Independent advice and
intellectual rigor are hallmarks of our commitment to client success
across our 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
15 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 Securities and Exchange Commission. 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.