FTI Consulting says $150 million 3.75% notes convertible for quarter

By Susanna Moon

Chicago, Jan. 18 - FTI Consulting, Inc. said its $150 million of 3.75% senior subordinated convertible notes due July 15, 2012 are convertible through April 17.

The notes became convertible, because the closing price of the company's shares topped the conversion threshold price of $37.50 per share for at least 20 out of the 30 consecutive trading days ended Wednesday. The conversion threshold price is 120% of the conversion price of $31.25 per share.

Wilmington Trust Co. (302 636-6056, attn: corporate capital markets) is the conversion agent.

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.