FTI Consulting expanded its revolving credit facility to $1.5 billion from $900 million, a $600 million increase, and pushed the maturity out to June 30, 2031 from November 21, 2027, adding more than three and a half years of runway.
The company said the new agreement also comes with improved pricing and more flexible covenant terms after S&P Global upgraded its credit rating to investment grade in October 2024. Compared with the prior facility, the revised terms loosen restricted payment and debt covenants and remove some restrictive covenants entirely.
FTI said borrowings under the facility can be used for working capital, capital expenditures, general corporate purposes, debt repayments, redemptions and repurchases, as well as permitted acquisitions and other investments.
The company has more than 8,100 employees across 32 countries and territories as of March 31, 2026, and generated $3.8 billion in revenue in fiscal 2025. Following these announcements, the company's shares moved 1.82%, and are now trading at a price of $151.73. If you want to know more, read the company's complete 8-K report here.
