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 -Dow Jones Newswires; 212-416-2900

Stock News for Fti Consulting (FCN)
11/25/201507:30:00FTI Consulting Releases 2015 Holiday Retail Report
11/16/201507:30:00FTI Consulting and Activist Insight Reveal Outlook for Shareholder...
11/12/201507:30:00FTI Consulting Bolsters Telecom, Media & Technology Practice
11/11/201507:30:00FTI Consulting Professionals Recognized as Leading Expert Witnesses
11/09/201507:30:00FTI Consulting and Its Ringtail Software Win Legal Industry Awards
11/06/201518:15:14Statement of Changes in Beneficial Ownership (4)
11/06/201517:05:19Current Report Filing (8-k)
11/06/201517:04:00Current Report Filing (8-k)
11/05/201509:00:00FTI Consulting, Inc. Announces $50 Million Stock Buyback Program
11/02/201517:17:05Current Report Filing (8-k)
10/30/201517:16:15Current Report Filing (8-k)
10/29/201517:03:59Current Report Filing (8-k)
10/29/201507:34:31Quarterly Report (10-q)
10/29/201507:30:00FTI Consulting Reports Third Quarter 2015 Results
10/26/201505:00:00Vestas Leads Wind Turbine Order Flow as Industry Heads for a...
10/22/201507:30:00FTI Consulting Projects U.S. Online Retail Sales to be $380 Billion...
10/13/201507:30:00FTI Technology Receives Highest Product Score for Ringtail in...
10/08/201507:30:00FTI Consulting to Release Third Quarter 2015 Results and Host...
10/07/201507:30:00FTI Consulting Forecasts a 3.9 Percent Increase in Holiday Sales
10/01/201509:45:00New Allstate Poll Finds Americans Mostly Embrace Digital Revolution

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