WEST PALM BEACH, Fla.
Nov. 9, 2012
FTI Consulting, Inc.
(NYSE: FCN) (the "
") today announced that it has priced its private offering of
aggregate principal amount of 6.0% senior notes due 2022 (the "
"). The Notes will be issued at a price of 100% of their principal amount. The Notes will be guaranteed by certain of the Company's existing and future domestic restricted subsidiaries. The offering is expected to close on
November 27, 2012
The Company intends to use the net proceeds from the offering of the Notes to finance its previously announced cash tender offer to repurchase any and all of its outstanding
aggregated principal amount of 7 ¾% Senior Notes due 2016 (the "
"), to redeem any and all of the 2016 Notes that remain outstanding following the consummation of the tender offer, to repay outstanding borrowings under its existing senior secured bank credit facility and for general corporate purposes, which could include working capital, share repurchases, capital expenditures, acquisitions, refinancing of other debt or other capital transactions.
The Notes and related guarantees were offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the "
"), and outside
the United States
to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in
the United States
without registration or an applicable exemption from the Securities Act, applicable state securities or blue sky laws and foreign securities laws.
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.