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FTI Consulting in Discussions to Enter Into New $350 Million Credit Agreement

November 09, 2012, 07:08 AM
Filed Under: Industry News

FTI Consulting 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 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 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.

FTI Consulting 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.

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