FTI to repay term debt with bond, convertible proceeds

By Sara Rosenberg

New York, July 19 - FTI Consulting Inc. plans on repaying existing term loan debt using a portion of the proceeds from a $175 million senior notes offering and a $125 million convertible senior subordinated notes offering with a $25 million greenshoe, according to a company news release.

Remaining proceeds from the concurrent debt deals will be used to repurchase at least $100 million of outstanding common shares and for general corporate purposes, which may include acquisitions.

FTI is an Annapolis, Md.-based provider of forensic and litigation consulting and technology, corporate finance/restructuring, and economic consulting services.

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