Greenhill Files To Sell Shares (GHL)

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Greenhill & Co., Inc. (NYSE: GHL) has filed to sell up to 3.5 million shares of common stock in a secondary offering.  The offering will allow the company and certain stockholders to sell shares from time to time at prices and terms to be determined. 

No underwriters and no terms have been offered and the total number ofshares which are being registered accounting for the over-allotmentoption would be a total of 4,025,000 shares of common stock.

Greenhill is an independent investment banking firm which offersfinancial advice on mergers, acquisitions, restructurings and similarcorporate finance matters. It also acts in fund placement services forprivate equity and manages merchant banking funds and similar vehiclesand commits capital to those funds and vehicles.

The company said its use of proceeds is as follows: "will be used topay amounts outstanding under our credit facility in order to providefinancial flexibility to pursue, where appropriate, the furtherexpansion of our advisory business by industry and location, formerchant banking investments and for general corporate purposes."  Thecompany will not receive any proceeds from the shares sold by itsshareholders.

Jon C. Ogg
November 5, 2008