FTI CONSULTING, INC (FCN) Form 8-K — Jul 1, 2026
FTI Consulting entered into a Third Amendment and Restatement Agreement to increase its committed unsecured revolving borrowing facility to $1.5 billion and extend the maturity date to June 30, 2031. The agreement replaces the previous facility, which had an initial principal amount of $900 million, providing the company with significantly enhanced liquidity and a longer debt runway. The new credit facility allows the company to incur additional incremental facilities of up to $500 million or 100% of consolidated EBITDA, with an unlimited amount available if the leverage ratio remains below 4.00x.
Key figures
- Debt Amount
- $1.5 billion
- Maturity Date
- June 30, 2031
- Term Loan Maturity
- March 17, 2029
- Upfront Fee New RCF
- 0.20%
- Term Loan Outstanding
- $300.0 million
- Upfront Fee Rolling RCF
- 0.16%
- Incremental Facility Cap
- $500.0 million or 100% of EBITDA
Price after filing
Close on the filing date to close N calendar days later (from $149.39). Historical, not a forecast.
AI analysis
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