Hill International Closes Public Offering of Common Stock

| Source: Hill International, Inc.

MARLTON, N.J., Aug. 6, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, today announced that it has closed its underwritten public offering of 9,546,629 shares of its common stock, including 1,046,629 shares issued upon partial exercise of the underwriters' option to purchase additional shares. All of the shares in the offering were sold by the company. The price to the public was $4.25 per share, and the company raised gross cash proceeds of approximately $40.6 million.

KeyBanc Capital Markets Inc. acted as sole book-running manager in connection with the offering. William Blair & Company, L.L.C., Houlihan Lokey Capital, Inc., Boenning & Scattergood, Inc., Sidoti & Company, LLC and SG Americas Securities, LLC served as co-managers in connection with the offering.

The company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its revolving credit facility and term loan.

A shelf registration statement relating to the shares was filed with and declared effective by the U.S. Securities and Exchange Commission (SEC). A copy of the prospectus supplement and the accompanying prospectus is available on the SEC's website located at www.sec.gov and is also available from KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114 or by telephone at (800) 859-1783.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any shares of common stock or any other securities of the company.

Hill International, with 4,400 employees in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the ninth largest construction management firm in the United States. For more information on Hill, please visit its website at www.hillintl.com.

The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733

Other statements included in this press release which are not historical in nature are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve certain risks and uncertainties that could significantly affect actual results and are subject to many factors including, but not limited to, the company's ability to successfully complete the proposed debt transaction previously announced by the company, changes in the company's requirements, modifications and termination of client contracts, control and operational issues pertaining to business activities that the company conducts pursuant to joint ventures with other parties, difficulties the company may incur in implementing its acquisition strategy, the need to retain and recruit key technical and management personnel, unexpected adjustments and cancellations related to its backlog, its ability to consummate new debt facilities, the risk that its proposed lenders will not be able to consummate the new debt facilities, special risks of international operations, including uncertain political and economic environments, acts of terrorism or war, potential incompatibilities with foreign joint venture partners, foreign currency fluctuations, civil disturbances and labor issues, and special risks of contracts with governmental entities, including the failure of applicable governing authorities to take necessary actions to secure or maintain funding for particular projects with the company, the unilateral termination of contracts by the government and reimbursement obligations to the government for funds previously received. Other factors that could cause the company's actual results, performance or achievements to differ materially from that contemplated by forward-looking statements are discussed under the heading "Risk Factors" in the preliminary prospectus supplement, under the heading "Risk Factors" and in other sections of the company's Annual Report on Form 10-K for the year ended December 31, 2013, as well as in its other reports filed from time to time with the U.S. Securities and Exchange Commission. These forward-looking statements are based on the company's current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although the company believes that the expectations, estimates and assumptions reflected in its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of its forward-looking statements. The company does not intend, and undertakes no obligation, to update any forward-looking statement other than as required by law.


Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(856) 810-6210

The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608