Daily News: December 3, 2018

BofML, JPMorgan Chase, HSBC Amend $550MM FTI Revolver


FTI Consulting amended and restated its $550 million senior secured revolving credit facility. Bank of America Merrill Lynch, JPMorgan Chase Bank and HSBC Securities acted as joint lead arrangers on the transaction.

The amended facility will extend the maturity date from June 26, 2020 to November 30, 2023 and amends certain financial, investment, restricted payment and debt covenants to provide the company with more financial flexibility.

Borrowings under the facility may be used to finance working capital and for capital expenditures, other general corporate purposes, permitted acquisitions and other investments.

FTI Consulting is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve financial, legal, operational, political & regulatory, reputational and transactional disputes. It has more than 4,600 employees located in 28 countries.