PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Stock Offering

FTI Consulting, Inc. Prices Offering of $300.0 Million Senior Notes Due 2022

Share with Twitter Share with LinkedIn

WEST PALM BEACH, Fla., Nov. 9, 2012 /PRNewswire/ -- FTI Consulting, Inc. (NYSE: FCN) (the "Company") today announced that it has priced its private offering of $300.0 million aggregate principal amount of 6.0% senior notes due 2022 (the "Notes"). The Notes will be issued at a price of 100% of their principal amount. The Notes will be guaranteed by certain of the Company's existing and future domestic restricted subsidiaries. The offering is expected to close on November 27, 2012.

The Company intends to use the net proceeds from the offering of the Notes to finance its previously announced cash tender offer to repurchase any and all of its outstanding $215.0 million aggregated principal amount of 7 ¾% Senior Notes due 2016 (the "2016 Notes"), to redeem any and all of the 2016 Notes that remain outstanding following the consummation of the tender offer, to repay outstanding borrowings under its existing senior secured bank credit facility and for general corporate purposes, which could include working capital, share repurchases, capital expenditures, acquisitions, refinancing of other debt or other capital transactions.

The Notes and related guarantees were offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act, applicable state securities or blue sky laws and foreign securities laws.   

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any state or foreign jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or foreign jurisdiction.

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 Securities and Exchange Commission. We are under no duty to update any of the forward looking statements to conform such statements to actual results or events and do not intend to do so.

SOURCE FTI Consulting, Inc.



RELATED LINKS
http://www.fticonsulting.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release