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 4,000,000 shares of its Class A common stock, consisting of
2,000,000 shares offered by the Company and 2,000,000 shares offered by
certain of the Company’s current and former employees and members of
management (collectively, 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
2018 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 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.
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 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
Investor Relations, 212-331-8225
IR@HL.com
or
Media
Relations, 212-331-8223
PR@HL.com
Source: Houlihan Lokey, Inc.