The enhanced credit facility provides FTI with substantial financial flexibility for acquisitions, share repurchases, or general corporate purposes. The improved pricing and covenant relief signal strong lender confidence. Monitor for potential M&A activity or capital allocation changes in coming quarters.
Price Chart
Executive Summary
FTI Consulting entered into a Third Amended and Restated Credit Agreement on June 30, 2026, increasing its unsecured revolving credit facility from $900 million to $1.5 billion and extending the maturity to June 30, 2031. The existing $300 million term loan facility remains outstanding with a March 2029 maturity. The amendment provides improved ratings-based pricing and more favorable covenants, reflecting the company's investment-grade credit rating upgrade from S&P in October 2024.
Key Facts
- Revolving credit facility increased from $900 million to $1.5 billion.
- Maturity extended from November 21, 2027 to June 30, 2031.
- Existing $300 million term loan facility remains outstanding with maturity March 17, 2029.
- Ratings-based pricing with improved terms following S&P upgrade to investment grade.
- More favorable restricted payment, debt, and other restrictive covenants; certain covenants removed entirely.
- 17 subsidiary guarantors released from guarantee obligations.
Financial Impact
Increased borrowing capacity by $600 million to $1.5 billion, with extended maturity and improved pricing. No immediate cash impact.
Risk Factors
- None directly from this filing; the facility is unsecured and contains customary covenants and events of default.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-291542 |
| Document: fcn-20260630.htm | 0001193125-26-291542 |
| Document: fcn-ex99_1.htm | 0001193125-26-291542 |
| Document: 0001193125-26-291542-index-headers.html | 0001193125-26-291542 |
| Document: 0001193125-26-291542-index.html | 0001193125-26-291542 |
| Document: 0001193125-26-291542.txt | 0001193125-26-291542 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 1, 2026 13w ago | 8-K | $149.39 $130.45 | ▼ −12.68% | ▼ −15.55% | $136.40 (−8.70%) |
Jun 5, 2026 17w ago | 8-K | $159.70 $150.57 | ▼ −5.72% | ▼ −9.72% | $136.40 (−14.59%) |
Jun 5, 2026 17w ago | Press Release | $159.70 $150.57 | ▼ −5.72% | ▼ −9.72% | $136.40 (−14.59%) |
May 27, 2026 18w ago | Press Release | $154.42 $153.49 | ▼ −0.60% | ▼ −2.48% | $136.40 (−11.67%) |
May 13, 2026 20w ago | Insider Cluster | $144.83 $151.43 | ▲ +4.56% | ▲ +0.12% | $136.40 (−5.82%) |
May 1, 2026 22w ago | 8-K | $168.05 $170.42 | ▼ −1.41% | ▲ +0.45% | $136.40 (+18.83%) |
Apr 30, 2026 22w ago | Press Release | $179.30 $161.88 | ▼ −9.72% | ▼ −12.82% | $136.40 (−23.93%) |
Apr 21, 2026 23w ago | DEFA14A | $187.03 $164.57 | ▼ −12.01% | ▼ −18.91% | $136.40 (−27.07%) |
Apr 9, 2026 25w ago | Press Release | $181.01 $155.69 | ▼ −13.99% | ▼ −24.77% | $136.40 (−24.65%) |
Mar 11, 2026 29w ago | Press Release | $162.84 $154.66 | ▼ −5.02% | ▼ −16.55% | $136.40 (−16.24%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access