FTI Consulting, Inc. Announces Expiration and Final Results of
Tender Offer for 7 3/4% Senior Notes due 2016
WEST PALM BEACH, Fla.,
Dec. 11, 2012 /PRNewswire/
-- FTI Consulting, Inc. (NYSE: FCN) (the "Company"),
the global business advisory firm dedicated to helping
organizations protect and enhance their enterprise value, today
announced that the Company's previously announced cash tender offer
(the "Tender Offer") for any and all of its outstanding 7 ¾% Senior
Notes due 2016 in the aggregate principal amount of $215.0 million (CUSIP No. 302941 AG4) (the "2016
Notes") expired at 9:00 a.m.,
New York City time, on
December 11, 2012 (the "Expiration
Time"). On November 28, 2012, the
Company announced that it had purchased approximately $128.3 million aggregate principal amount of its
2016 Notes on November 27, 2012,
representing all 2016 Notes that were validly tendered and not
validly withdrawn at or prior to 5:00
p.m., New York City time,
on November 26, 2012.
Between November 27, 2012 and the
Expiration Time, there were no additional 2016 Notes validly
tendered. Also, as previously announced on November 28, 2012, the Company intends to redeem
all of the 2016 Notes that remain outstanding, in the aggregate
principal amount of approximately $86.7
million on December 27, 2012.
The redemption price for such 2016 Notes is 102.583% of the
principal amount plus accrued and unpaid interest. Unless the
Company defaults in making the redemption payment, interest on the
redeemed 2016 Notes will cease to accrue on and after December 27, 2012, and the only remaining right
of the holders will be to receive payment of the redemption price
and interest accrued until, but not including, December 27, 2012 upon surrender to the paying
agent of such 2016 Notes.
J.P. Morgan Securities LLC and BofA Merrill Lynch acted as
Dealer Managers and Solicitation Agents for the Tender Offer.
D.F. King & Co., Inc. acted as
the Information Agent and Depositary for the Tender Offer.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor shall there be
any sales of securities mentioned in this press release in any
state or foreign jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or foreign jurisdiction.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm
dedicated to helping organizations protect and enhance enterprise
value in an increasingly complex legal, regulatory and economic
environment. With more than 3,800 employees located in 24
countries, FTI Consulting professionals work closely with clients
to anticipate, illuminate and overcome complex business challenges
in areas such as investigations, litigation, mergers and
acquisitions, regulatory issues, reputation management, strategic
communications and restructuring. The Company generated
$1.57 billion in revenues during
fiscal year 2011. More information can be found at
www.fticonsulting.com.
SOURCE FTI Consulting, Inc.