FTI Consulting amends, restates $550 million revolver, extends to 2023

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – FTI Consulting, Inc. amended and restated its $550 million senior secured revolving facility, extended its maturity date to Nov. 30, 2023 from June 26, 2020, according to a news release.

The amended and restated revolver also amends some financial, investment, restricted payment and debt covenants to provide the company with more financial flexibility.

Bank of America Merrill Lynch, JPMorgan Chase Bank, NA and HSBC Securities (USA) Inc. acted as joint lead arrangers.

Proceeds may be used for working capital, capital expenditures and general corporate purposes, including permitted acquisitions and other investments.

FTI is a business advisory firm based in West Palm Beach, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.