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| FCN > SEC Filings for FCN > Form 8-K on 27-Dec-2012 | All Recent SEC Filings |
27-Dec-2012
Other Events, Financial Statements and Exhibits
On December 27, 2012, FTI Consulting, Inc. ("FTI Consulting") announced that it has completed the redemption of $86,688,000 aggregate principal amount of its 7 3/4% Senior Notes due 2016 (CUSIP No. 302941 AG4) (the "2016 Notes"), that remained outstanding after consummation of FTI Consulting's previously announced offer to purchase ("Tender Offer") relating to the 2016 Notes, which expired at 9:00 a.m., New York City time, on December 11, 2012 (the "Expiration Time"). The redemption price was 102.583% of the principal amount plus accrued and unpaid interest. FTI Consulting used the proceeds of its recently completed private offering of 6.0% Senior Notes due 2022, plus cash on hand, to fund the redemption.
As announced on November 28, 2012, FTI Consulting will recognize a pre-tax charge against 2012 fourth-quarter earnings, reflecting the estimated loss on early extinguishment of debt related to the Tender Offer and the subsequent redemption of all 2016 Notes that remained outstanding following the Expiration Time (the "Estimated Charge"). FTI Consulting has updated its Estimated Charge to be approximately $4.5 million, which will reduce fully diluted earnings per share by $0.07, after giving effect to the redemption of all outstanding 2016 Notes.
A copy of the press release announcing the redemption of the 2016 Notes that remained outstanding following the Expiration Time is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release of FTI Consulting, Inc. dated December 27, 2012,
announcing the redemption of 2016 Notes that remained outstanding
following the expiration of Tender Offer for the 2016 Notes
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