Hyatt Hotels Corporation Announces the Closing of Its In Public Offering
November 10, 2009 07:29 PM Eastern Time CHICAGO--(EON: Enhanced Online News)--Hyatt Hotels Corporation (“Hyatt”) (NYSE: H) announced today the closing of its i offering of 43,700,000 shares of Class A common stock at a price of $25.00per share. Hyatt’s Class A common stock is listed on Stock Exchange under the symbol “H.”
Selling stockholders sold 38,000,000shares of Class A common stock, and Hyatt sold 5,700,000 shares of Class A common stoc full exercise of the underwriters’ option to purchase additional shares of Class A common stockin the offering. Hyatt received net pr approximately $127.3 million from the sale of its shares, after deducting the underwriting discount and estimated offering expenses. use the net proceeds primarily for working capital and other general corporate purposes. Hyatt will not receive any of the proceeds shares of Class A common stock by the selling stockholders.
The sole bookrunning manager and lead managing representative of the offering was Goldman, Sachs & Co., with Deutsche Bank J.P. Morgan Securities Inc. acting as joint lead managers. Copies of the final prospectus may be obtained by contacting Goldman, Broad Street, New York, NY 10004, Attention: Prospectus Department (Tel: +1 866 471 2526; Fax: +1 212 902 9316; e-mail: p ny@ny.email.gs.com).
A registration statement on Form S-1 relating to the initial public offering of shares of Hyatt’s Class A common stock was declared U.S. Securities and Exchange Commission (the “SEC”) on November 4, 2009. Copies of the registration statement can be accesse SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall t of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification un laws of any such jurisdiction.
Contacts
Hyatt Hotels Corporation Farley Kern, +1 312-780-5506 farley.kern@hyatt.com Permalink: http://eon.businesswire.com/news/eon/20091110006746/en