debt
confidence high
sentiment positive
materiality 0.65
FTI Consulting upsizes revolving credit facility to $1.5B, extends maturity to 2031
FTI CONSULTING, INC
- Revolving credit facility increased from $900M to $1.5B; maturity extended to June 30, 2031.
- Improved pricing based on investment-grade credit rating from S&P Global (upgraded Oct 2024).
- More favorable covenants including removal of certain restrictive covenants for greater flexibility.
- Facility may be used for working capital, capex, acquisitions, and general corporate purposes.
- Joint lead arrangers: BofA Securities, JPMorgan, HSBC, PNC, TD Bank.