ADVFN - Advanced Financial Network.
HOME» NYSE » F » FCN Stock Price » FCN Stock News

Fti Consulting Share News

 Fti Consulting Inc. Stock Price
FCN Stock Price
 Fti Consulting Inc. Stock Chart
FCN Stock Chart
 Fti Consulting Inc. Stock News
FCN Stock News
 Fti Consulting Inc. Company Information
FCN Company Information
 Fti Consulting Inc. Stock Trades
FCN Stock Trades

American Apparel Secures Up To $43 Million In Rescue Financing -NY Post

DOW JONES NEWSWIRES American Apparel Inc. (APP) has secured rescue financing from a group of private Canadian investors that could pump as much as $43 million into the troubled clothing retailer, the New York Post reported Friday. The deal, struck after several days of talks between the investors and the Los Angeles company's board, calls for putting $15 million into American Apparel up front, with the option of investing an additional $28 million during the next six months. The Post identified one of the investors as Essentia Equity, a firm once headed by Michael Serruya, a Canadian financier who led a bailout of Jamba Juice in 2009. Serruya also co-founded CoolBrands International Inc. One source told the newspaper that American Apparel's chief executive, Dov Charney, is adding $700,000 of his own savings to the $15 million financing deal. Other shareholders will be diluted by the deal, but Charney, who founded the retailer and is also its chairman and biggest shareholder, can reverse the dilution for himself if the stock's value climbs over the next four years. The Canadian investors will be able to exchange their cash and warrants for shares priced at 90 cents -- a discount of more than 27% to Thursday's closing price of $1.24. If they exercise all their warrants, the group would own nearly one-third of American Apparel's total outstanding shares. To ease concerns of Bank of America Corp. (BAC), which provides American Apparel's credit line, the company will carry an additional $5 million in available cash on its balance sheet; the current requirement is $7.5 million. In exchange, the bank waived a debt covenant that would have been breached at the end of April. At Bank of America's insistence, according to one source, American Apparel will likely appoint an executive from FTI Consulting Inc. (FCN) to "keep a close eye on the cash balance." Full story at http://www.nypost.com/p/news/business/more_love_for_dov_cZ3WGYJChi9kLciHzLi8SN -Dow Jones Newswires; 212-416-2900

Stock News for Fti Consulting (FCN)
DateTimeHeadline
04/21/201508:36:05Additional Proxy Soliciting Materials (definitive) (defa14a)
04/21/201508:33:05Proxy Statement (definitive) (def 14a)
04/09/201507:30:00FTI Consulting to Release First Quarter 2015 Results and Host...
04/09/201505:45:00Allstate/National Journal Poll Finds Tax Refunds Provide Boost...
04/08/201507:30:00Ringtail Recognized as a Top Online Review Platform in 2015 Best...
03/30/201507:30:00Will Inglis Joins FTI Consulting as Leader of the Economic Consulting...
03/30/201502:00:00Final Installation Figures Show a Record-Breaking Year for the...
03/16/201506:17:00Americans Take Advantage Of Lower Gas Prices And Tax Refunds...
03/11/201517:34:18Statement of Changes in Beneficial Ownership (4)
03/11/201517:28:38Statement of Changes in Beneficial Ownership (4)
03/11/201507:30:00FTI Consulting's Jessica Block Recognized by Consulting Magazine...
03/09/201505:45:00Americans Strongly Favor Local Institutions for Solving Nation's...
03/06/201507:30:00FTI Consulting Expands Forensic & Litigation Consulting Segment...
03/05/201507:30:00FTI Consulting Expands Strategic Communications Segment's Energy...
03/03/201513:58:36Statement of Changes in Beneficial Ownership (4)
02/24/201516:07:53Current Report Filing (8-k)
02/24/201511:43:09Initial Statement of Beneficial Ownership (3)
02/24/201511:39:20Initial Statement of Beneficial Ownership (3)
02/24/201506:14:00Annual Report (10-k)
02/22/201519:01:00Record Year for the Global Top 10 Turbine OEMs

Fti Consulting and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad