Cases & Deals

FTI Consulting completes $300 million Rule 144A and Regulation S offering of Senior Notes and secures $350 million revolving credit facility

Clients FTI Consulting, Inc.

Jones Day advised FTI Consulting, Inc., a leading global business advisory firm dedicated to helping organizations protect and enhance enterprise value, in connection with its issuance of $300 million in aggregate principal amount of 6.0% Senior Notes due 2022 in a Rule 144A and Regulation S offering and concurrent tender offer and consent solicitation for up to $215 million of its 7 3/4% Senior Notes due 2016. J.P. Morgan Securities LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Goldman Sachs & Co.; and HSBC Securities (USA) Inc. acted as joint book-running managers for the notes offering. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as dealer managers and solicitation agents for the tender offer and consent solicitation.

In addition to the debt offering and tender offer, FTI refinanced and replaced its existing credit facility with a $350 million senior secured revolving credit facility, which may be increased up to a maximum of $425 million. Merrill Lynch, Pierce Fenner & Smith Incorporated; J.P. Morgan Securities LLC; and HSBC Securities (USA), Inc. acted as joint lead arrangers of the credit facility and Bank of America, N.A. is acted as administrative agent.

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