FTI Consulting in Discussions to Enter Into New $350.0 Million Credit
WEST PALM BEACH, Fla., Nov. 9, 2012
WEST PALM BEACH, Fla., Nov. 9, 2012 /PRNewswire/ --FTI Consulting, Inc.
(NYSE: FCN) (the "Company") the global business advisory firm dedicated to
helping organizations protect and enhance their enterprise value, today
announced that it is in discussions with its existing lenders, and possibly
new lenders with respect to a proposed new five-year revolving credit facility
in the aggregate amount of $350.0 million, with an accordion feature that
would allow the Company, subject to credit availability, to increase the
amount of such facility to $425.0 million in the aggregate.
The new credit agreement, which would represent a $100.0 million increase in
commitments compared to the Company's existing credit agreement (without
giving any effect to the accordion feature), would terminate in 2017 and would
replace the Company's existing revolving credit facility, which expires in
2015. Although the Company anticipates entering into the new credit agreement
in November 2012, there can be no assurance that it will enter into the new
credit agreement under the terms described above, or at all.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping
organizations protect and enhance enterprise value in an increasingly complex
legal, regulatory and economic environment. With more than 3,800 employees
located in 24 countries, FTI Consulting professionals work closely with
clients to anticipate, illuminate and overcome complex business challenges in
areas such as investigations, litigation, mergers and acquisitions, regulatory
issues, reputation management, strategic communications and restructuring. The
Company generated $1.57 billion in revenues during fiscal year 2011. More
information can be found at www.fticonsulting.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of
federal securities law. You should exercise caution in interpreting and
relying on forward-looking statements because they involve known and unknown
risks, uncertainties and other factors which are, in some cases, beyond the
Company's control. Such risks and uncertainties include, but are not limited
to, the effect of general economic conditions and other factors listed in the
Company's filings with the Securities and Exchange Commission. We are under no
duty to update any of the forward looking statements to conform such
statements to actual results or events and do not intend to do so.
SOURCE FTI Consulting, Inc.
Contact: Mollie Hawkes +1-617-747-1701, firstname.lastname@example.org
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