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FTI Consulting $350 million revolver priced at Libor plus 200 bps
By Sara Rosenberg
New York, Nov. 29 - FTI Consulting Inc.'s $350 million five-year senior secured revolving credit facility carries initial pricing of Libor plus 200 basis points with a 35 bps unused fee, according to an 8-K filed with the Securities and Exchange Commission on Thursday.
Pricing on the revolver can range from Libor plus 150 bps to 200 bps and the unused fee can range from 30 bps to 35 bps, based on leverage.
Bank of America Merrill Lynch, J.P. Morgan Securities LLC and HSBC Securities (USA) Inc. acted as the joint lead arrangers on the deal, which was completed on Nov. 27.
Proceeds were used to refinance a $250 million credit facility that was set to mature on Sept. 25, 2015. Proceeds are also available for general corporate purposes.
FTI is a West Palm Beach, Fla.-based business advisory firm.
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