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Last $40.72 USD
Change Today -0.16 / -0.39%
Volume 182.2K
FCN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

fti consulting inc (FCN) Key Developments

FTI Consulting, Inc. Presents at AVCJ Private Equity & Venture Forum, Jul-20-2015 01:45 PM

FTI Consulting, Inc. Presents at AVCJ Private Equity & Venture Forum, Jul-20-2015 01:45 PM. Venue: Four Seasons Hotel, 190 Orchard Boulevard, Singapore 248646, Singapore. Speakers: Marcus Paciocco, Managing Director.

FTI Consulting, Inc. Appoints Cynthia Catlett as Managing Director

FTI Consulting, Inc. has joined the firm's Forensic & Litigation Consulting segment as a Managing Director. She will be based in São Paulo. Prior to joining FTI Consulting, Ms. Catlett was a Partner of the Forensic Investigations & Disputes Services practice at Grant Thornton, where she was responsible for multi-jurisdictional compliance and anti-corruption work in Brazil and across Latin America. Ms. Catlett worked at Ernst & Young (EY), where she was engaged on large disputes and reactive fraud investigations for Brazilian, European and U.S. clients. Prior to this role, Ms. Catlett worked with the Office of the Attorney General's Criminal Division in Washington, D.C. and the World Bank, where she investigated allegations of fraud, corruption, collusion, coercion and obstruction in World Bank financed projects in Africa, Central Asia, Eastern Europe, Latin America, the Middle East and Northern Africa. In her new role, Ms. Catlett will provide investigative, advisory and dispute consulting services to legal and corporate clients of FTI Consulting. With more than 13 years of investigative consulting experience, she joins a global platform of multidisciplinary experts who support clients facing high-stakes litigation, arbitration and compliance investigations and regulatory scrutiny.

FTI Consulting, Inc. Appoints Nitin Kumar as Senior Managing Director in Telecom, Media & Technology Practice

FTI Consulting, Inc. announced the appointment of Nitin Kumar as Senior Managing Director in the firm's Telecom, Media & Technology practice. He will join the Technology team within TMT and will be based in New York City. Prior to joining FTI Consulting, Mr. Kumar served as a Director at PricewaterhouseCoopers, where he focused on M&A offerings including operational, commercial and IT due diligence, carve-outs and merger integration with emphasis on sales, marketing, service, products and pricing improvement. In his new role, Mr. Kumar will work with selected technology sectors undergoing transformational change. He will focus on the entire deal continuum ranging from M&A and divestiture strategy, pre-deal due diligence (commercial, customer, operational and IT), merger integration, divestiture/carve-out and post-deal performance improvement.

FTI Consulting, Inc. Announces $550.0 Million Senior Secured Revolving Line of Credit

FTI Consulting, Inc. announced that it has entered into a five-year, $550.0 million senior secured revolving line of credit. The Credit Facility effectively amends and extends the maturity date of the company's existing $350.0 million credit facility from November 27, 2017 to June 26, 2020. Borrowings under the Credit Facility may be used as permitted under the terms of the Credit Facility to finance working capital, for capital expenditures and for other general corporate purposes, to repay or redeem existing debt, including under the company's existing credit facilities or senior notes, and for permitted acquisitions. Borrowings under the credit agreement will bear interest at a rate equal to LIBOR plus an applicable margin or at an alternative base rate plus an applicable margin. The applicable margin for LIBOR borrowings will range between an annual rate of 1.375% and 2.00% and the applicable margin for alternative base rate borrowings will range between an annual rate of 0.375% and 1.00%. The applicable margin will initially be set at an annual rate of 1.75% for LIBOR borrowings and 0.75% for alternative base rate borrowings and will subsequently vary according to the company's Consolidated Total Leverage Ratio. The company will also pay a commitment fee on unused amounts of the credit line initially set at an annual rate of 0.30% and subsequently ranging from an annual rate of 0.25% to 0.35% according to the Company's Consolidated Total Leverage Ratio. Bank of America, N.A. is acting as the administrative agent for the Credit Facility. J.P. Morgan Chase Bank, N.A. and HSBC Bank USA, N.A. acted as joint lead arrangers and joint book running managers of the credit agreement. The company currently intends, on or before October 1, 2015 and subject to market conditions and other factors, to retire its $400.0 million of 6.75% Notes due 2020, funded by a combination of approximately $275.0 million of borrowings under the Credit Facility and approximately $140.0 million of cash on hand. While this is its current intention, the company is not providing a notice of redemption or otherwise making an irrevocable commitment to retire the 2020 Notes as described above, and any such decision will, among other things, be subject to further review and final approval by the Company's Board of Directors. There can be no assurance that the Company will decide to retire the 2020 Notes in the manner described above or at all. Should the Company retire the 2020 Notes, on or before October 1, 2015, it estimates it would incur a charge for early retirement of debt, including remaining unamortized issuance expenses of approximately $19.0 million before taxes.

FTI Consulting Mulls Acquisitions

FTI Consulting, Inc. (NYSE:FCN) announced that it has entered into a five-year, $550 million senior secured revolving line of credit and will use the funds to finance working capital, for capital expenditures and for other general corporate purposes, to repay or redeem existing debt, including under the FTI Consulting's existing credit facilities or senior notes, and for permitted acquisitions.

 

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FCN

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Valuation FCN Industry Range
Price/Earnings 26.0x
Price/Sales 0.9x
Price/Book 1.5x
Price/Cash Flow 21.7x
TEV/Sales 0.4x
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