Daily News: November 9, 2012

FTI in Discussions to Enter New $350MM Credit Agreement


FTI Consulting, a global business advisory firm, announced that it is in discussions with its existing lenders, and possibly new lenders regarding 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 to $425 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.

Previously on abfjournal.com:

BofA, Others Provide $250 Million Revolver to FTI Consulting, Tuesday, September 28, 2010