Hilton Grand Vacations Prices $7M Secondary Offering, Authorizes $40M Buyback

Hilton Grand Vacations has priced a secondary stock offering of 7 million shares held by entities managed by Apollo Global Management. The company has also authorized a concurrent share buyback of up to $40 million. The move is part of a larger effort to raise capital and strengthen its balance sheet.

Hilton Grand Vacations Inc. (NYSE: HGV) has priced a secondary stock offering of 7 million shares held by entities managed by Apollo Global Management. The company has also authorized a concurrent share buyback of up to $40 million. The move is part of a larger effort to raise capital and strengthen its balance sheet.

The secondary offering, which is expected to close on August 14, 2025, will see the underwriters have a 30-day option to purchase up to an additional 1.05 million shares. The company will not receive any proceeds from the offering, as it is not selling any shares. Instead, Hilton Grand Vacations has authorized the repurchase of up to $40 million of shares as part of the public offering, with the price per share equal to the price paid by the underwriters to the Selling Stockholders. This repurchase is subject to the completion of the offering and is made pursuant to the company's existing repurchase plans.

Wells Fargo Securities is acting as the lead book-running manager, with Deutsche Bank Securities and Barclays also serving as book-running managers for the proposed offering. A shelf registration statement, including a prospectus, has been filed with the Securities and Exchange Commission (SEC) and is effective. Interested parties are advised to read the shelf registration statement, preliminary prospectus supplement, and other documents filed with the SEC for more information about the offering. These documents can be accessed for free on the SEC's EDGAR website at sec.gov or by contacting Wells Fargo Securities LLC.

Hilton Grand Vacations is a leading global timeshare company and the exclusive vacation ownership partner of Hilton. The company develops, markets, and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. With a reputation for delivering exceptional service and unforgettable vacation experiences, Hilton Grand Vacations has nearly 725,000 Club Members worldwide.

References:
[1] https://www.businesswire.com/news/home/20250812798441/en/HGV-Announces-Pricing-of-Secondary-Public-Offering-of-Common-Stock-and-Concurrent-Share-Repurchase
[2] https://seekingalpha.com/news/4484400-hilton-grand-vacations-prices-7m-stock-secondary-offering-and-concurrent-buyback
[3] https://www.stocktitan.net/news/HGV/hgv-announces-pricing-of-secondary-public-offering-of-common-stock-7s2c5h7ajr89.html