Hilton Grand Vacations Announces Secondary Offering and Share Repurchase Plan

Hilton Grand Vacations Inc. (HGV) has priced a secondary public offering of 7 million shares, with an expected closing date of August 14, 2025. The company has also authorized a $40 million share repurchase concurrent with the offering, with no underwriting fees for the repurchased shares. The offering is managed by Wells Fargo Securities, Deutsche Bank Securities, and Barclays.

Hilton Grand Vacations Inc. (HGV) has priced a secondary public offering of 7 million shares, with an expected closing date of August 14, 2025. The company has also authorized a $40 million share repurchase concurrent with the offering, with no underwriting fees for the repurchased shares. The offering is managed by Wells Fargo Securities, Deutsche Bank Securities, and Barclays.

The secondary offering involves the sale of 7 million shares by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters will have a 30-day option to purchase up to an additional 1.05 million shares. HGV will not receive any proceeds from the offering, as it is not selling any shares [1].

Concurrent with the public offering, HGV has authorized the purchase of up to $40 million of its common stock from the underwriters. This share repurchase will be executed under the company’s existing repurchase plans, with underwriters receiving no fees for these repurchased shares [2].

The offering is being made pursuant to an effective shelf registration statement and preliminary prospectus supplement filed with the Securities and Exchange Commission. The stock price traded 2.7% lower on Tuesday during the after-market hours of trading [2].

References:
[1] https://corporate.hgv.com/news/news-details/2025/HGV-Announces-Launch-of-Secondary-Public-Offering-of-Common-Stock-and-Concurrent-Share-Repurchase/default.aspx
[2] https://seekingalpha.com/news/4484400-hilton-grand-vacations-prices-7m-stock-secondary-offering-and-concurrent-buyback