FTI Consulting has amended and restated its senior unsecured credit facility, increasing its revolving line of credit from $900 million to $1.5 billion and extending the maturity date from November 21, 2027, to June 30, 2031. The new agreement provides more favorable ratings-based pricing terms following S&P Global's upgrade of FTI Consulting to investment grade in October 2024, and includes more flexible restrictive covenants to enhance the company's financial flexibility. BofA Securities, JPMorgan Chase Bank, HSBC Securities, PNC Capital Markets, and TD Bank acted as joint lead arrangers and joint book managers. Borrowings may be used for working capital, capital expenditures, general corporate purposes, and permitted acquisitions. Chief Financial Officer Angela Nam stated that the increased size, extended maturity, and improved pricing strengthen the company's financial position and support disciplined capital allocation.
FTI Consulting IncFTI Consulting increased its credit facility to $1.5B, extended maturity, and improved pricing, enhancing financial flexibility.
JPMorgan Chase & Co
S&P Global Inc
