New Issue: FTI Consulting sells $215 million 10-year notes to yield 7¾%

By Paul A. Harris

St. Louis, Sept. 27 - FTI Consulting priced a $215 million issue of 10-year notes (Ba2/B+) at par to yield 7¾% on Wednesday, according to an informed source.

The yield came on top of price talk.

Deutsche Bank Securities and Goldman Sachs & Co. led the notes, which have been issued via Rule 144A with registration rights.

Proceeds will be used to partially finance the acquisition of London-based business and financial communications consulting firm FD International (Holdings) Ltd.

FTI Consulting is a Baltimore-based provider of restructuring, corporate finance and economic consulting services.

Issuer:	FTI Consulting
Amount:	$215 million
Maturity:	Oct. 1, 2016
Security description:	Senior notes
Bookrunners:	Deutsche Bank Securities, Goldman Sachs & Co.
Coupon:	7¾%
Price:	Par
Yield:	7¾%
Spread:	320 bps
Call features:	Callable on and after Oct. 1, 2011 at 103.875, 102.583, 101.292, par on and after Oct. 1, 2014
Equity clawback:	Until Oct. 1, 2009 for 35% at 107.75
Trade date:	Sept. 27
Settlement date:	Oct. 3
Ratings:	Moody's: Ba2
	Standard & Poor's: B+
Distribution:	Rule 144A with registration rights
Price talk:	7¾% area

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