FTI Consulting amends loan to add $50 million term loan B piece

By Sara Rosenberg

New York, April 22 - FTI Consulting Inc. amended its credit facility, adding a $50 million term loan B due Sept. 30, 2008 to the previously $225 million credit structure, according to an 8-K filed with the Securities and Exchange Commission Friday.

Bank of America is the administrative agent on the deal.

Proceeds from the term loan B were used to repay revolver borrowings, and the balance may be used for future acquisitions, stock repurchases and general working capital purposes.

The Annapolis, Md.-based consulting firm's amendment closed on April 19.

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