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 3,000,000 shares of Class A common stock of the Company by ORIX HLHZ Holding LLC (“ORIX”) and certain of the
Company’s current and former employees and members of management (collectively with ORIX, the “Selling Stockholders”). The Company will not receive any of the proceeds from the sale of the shares of Class A common stock by the Selling Stockholders in the offering.
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 to be paid by the underwriters 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 Prospectus-ny@ny.email.gs.com.
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.
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.
Houlihan Lokey
Investor Relations, 212-331-8225
IR@HL.com
or
Media Relations, 212-331-8223
PR@HL.com