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FTI Consulting, Inc. Completes New $350.0 Million Senior Secured Revolving Line of Credit
The obligations of the Company under the Revolving Credit Facility are guaranteed by substantially all of the Company's domestic subsidiaries and secured by substantially all of the Company's and its domestic subsidiaries' assets (including 65% of the issued and outstanding voting stock and 100% of the non-voting stock of each controlled foreign corporation owned by a domestic subsidiary guarantor).
Interest on the borrowings under the Revolving Credit Facility is payable, at the option of the Company, at either a "Base Rate" or "LIBOR," in each case plus an applicable margin. Borrowings under the Revolving Credit Facility may be used for general corporate purposes of the Company and its subsidiaries, including capital expenditures and permitted acquisitions, subject to certain limitations.
In connection with the Revolving Credit Facility, Merrill Lynch,
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of federal securities law. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control. Such risks and uncertainties include, but are not limited to, the effect of general economic conditions and other factors listed in the Company's filings with the
Mollie Hawkes, Investor Relations & Communications Manager, FTI Consulting, +1-617-747-1791 direct, email@example.com