Navigant Extends Maturity Date of Credit Facility to September 2018

  Navigant Extends Maturity Date of Credit Facility to September 2018

Business Wire

CHICAGO -- September 20, 2013

Navigant (NYSE: NCI) announced today the signing of an amendment to its credit
agreement extending the maturity date of its $400 million revolving credit
facility by more than two years, through September 19, 2018.

“The extended credit facility provides Navigant additional financial
flexibility as we continue to focus on growing our operations and increasing
profitability. We are pleased with the confidence expressed by our lenders in
the long-term success of our business,” said Lucinda M. (Cindy) Baier,
Executive Vice President and Chief Financial Officer, Navigant. “This
amendment is a reflection of our strong cash flows and disciplined capital
allocation strategy which includes reducing indebtedness. Of note, we lowered
our bank debt from $203.0 million as of December 31, 2010 to $128.1 million as
of June 30, 2013. We have improved our leverage ratio even as we have
continued to invest in growth and return cash to shareholders through our
current share repurchase program.”

Bank of America, N.A. serves as administrative agent under the credit
agreement. Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as sole
lead arranger and book manager to structure, arrange and syndicate the
amendment to the credit agreement.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at

Statements included in this press release which are not historical in nature
are forward-looking statements as defined within the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified by
words including “outlook,” “plans,” “goals,” “anticipates,” “believes,”
“intends,” “estimates,” “expects” and similar expressions. These statements
are based upon management’s current expectations and speak only as of the date
of this press release. Navigant Consulting, Inc. (the “Company”) cautions
readers that there may be events in the future that the Company is not able to
accurately predict or control and the information contained in the
forward-looking statements is inherently uncertain and subject to a number of
risks that could cause actual results to differ materially from those
contained in or implied by the forward-looking statements including, without
limitation: the success of the Company’s organizational changes and margin
improvement initiatives; risks inherent in international operations, including
foreign currency fluctuations; ability to make acquisitions and divestitures;
pace, timing and integration of acquisitions and separation of divestitures;
impairment charges; management of professional staff, including dependence on
key personnel, recruiting, attrition and the ability to successfully integrate
new consultants into the Company’s practices; utilization rates; conflicts of
interest; potential loss of clients or large engagements; clients’ financial
condition and their ability to make payments to the Company; risks inherent
with litigation; higher risk client assignments; professional liability;
potential legislative and regulatory changes; continued access to capital; and
market and general economic conditions. Further information on these and other
potential factors that could affect the Company’s financial results are
included under the “Risk Factors” section and elsewhere in the Company’s
filings with the Securities and Exchange Commission (“SEC”), which are
available on the SEC’s website or at The
Company cannot guarantee any future results, levels of activity, performance
or achievement and undertakes no obligation to update any of its
forward-looking statements.


Navigant Investor Relations
Paul Longhini
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