FTI Consulting Prices Offering
Number of Shares Sold Increased to 2.3 Million
Annapolis, MD - February 6, 2003
ANNAPOLIS, MD, February 6, 2003—FTI Consulting, Inc. (NYSE: FCN), the premier national provider of turnaround, bankruptcy and litigation-related consulting services, announced it has priced a public offering of 2,311,565 shares of its common stock, an increase from its previously announced offering of 2.1 million shares, at a price of $40.00 per share. The company will use half of the net proceeds of $86.4 million to repay a portion of its term loan facility. Additionally, certain shareholders will sell 21,969 shares of common stock at the same price.
Delivery of the shares is scheduled for February 12, 2003. The offering was lead- managed by Lehman Brothers and co- managed by Banc of America Securities LLC, Adams, Harkness & Hill, Inc., Janney Montgomery Scott LLC and SunTrust Robinson Humphrey.
About FTI Consulting
FTI Consulting is a multi-disciplined consulting firm with leading practices in the areas of turnaround, bankruptcy and litigation-related consulting services. Modern corporations, as well as those who advise and invest in them, face growing challenges on every front. From a proliferation of “bet-the-company” litigation to increasingly complicated relationships with lenders and investors in an ever-changing global economy, U.S. companies are turning more and more to outside experts and consultants to meet these complex issues. FTI is dedicated to helping corporatio ns, their advisors, lawyers, lenders and investors meet these challenges by providing a broad array of the highest quality professional practices from a single source.
Copies of the prospectus relating to the offering may be obtained by contacting Lehman Brothers Inc., c/o ADP Prospectus Department, 1155 Long Island Avenue, Edgewood, New York, 11717, or by calling 631-254-7106.