Houlihan Lokey Prices Initial Public Offering

LOS ANGELES & NEW YORK–(BUSINESS WIRE)–Houlihan Lokey, Inc. (the “Company” or “HLI”), the international investment bank, today announced the pricing of its initial public offering of 10,500,000 shares of its Class A common stock at a public offering price of $21.00 per share. The shares are expected to begin trading on Thursday, August 13, 2015 on the New York Stock Exchange under the ticker symbol “HLI.” All of the shares are being offered by an affiliate of ORIX USA Corporation and certain of the Company’s employees and members of management. The affiliate of ORIX USA Corporation has also granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of Class A common stock. Houlihan Lokey will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional shares.

BofA Merrill Lynch and Goldman, Sachs & Co. are lead joint book-running managers for the offering. Additional book-running managers are UBS Investment Bank, Keefe, Bruyette & Woods and Houlihan Lokey. Co-managers are Sandler O’Neill + Partners, L.P. and JMP Securities.

A registration statement relating to these securities has been filed with, and declared effective on August 12, 2015 by, the SEC. The offering of these securities is being made only by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus related to the offering will be filed with the SEC, which may be obtained, when available, from any one of the following:


BofA Merrill Lynch					Goldman, Sachs & Co
Attention: Prospectus Department					Attention: Prospectus Department
222 Broadway					200 West Street
New York, New York 10038					New York, New York 10282
Email: [email protected]					Email: [email protected]
					Phone: (866) 471-2526

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Statement Concerning Forward-Looking Statements

This release contains certain forward-looking statements regarding Houlihan Lokey and the initial public offering of Houlihan Lokey’s Class A common stock. All of these statements are based on management’s expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of Houlihan Lokey’s control that may cause its business, industry, strategy, financing activities or actual results to differ materially. Houlihan Lokey undertakes no obligation to update or revise any of the forward looking statements contained herein, whether as a result of new information, future events or otherwise.

About Houlihan Lokey

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for U.S. transactions under $5 billion, the No. 1 global restructuring advisor, and the No. 1 M&A fairness opinion advisor for U.S. transactions over the past 10 years, according to Thomson Reuters.