HGV Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or the “Company”) today announced the pricing of the previously announced secondary public offering (the “offering”) of 5,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The offering is expected to close on June 4, 2026, subject to satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 750,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the offering.
In addition, HGV has agreed to purchase from the underwriters 750,000 shares of common stock as part of the offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the “Share Repurchase”), subject to the completion of the offering. The Share Repurchase is being made pursuant to the Company’s existing repurchase plans. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company.
