EXHIBIT
99.1
NEWS
[HURON
LOGO]
FOR
IMMEDIATE RELEASE
June
12, 2006
Huron
Consulting Group Finalizes New Credit Agreement
CHICAGO
-
June 12, 2006 - Huron Consulting Group (NASDAQ: HURN), a leading provider of
financial and operational consulting services, today announced it has entered
into a new credit agreement with a bank group led by LaSalle Bank, N.A., which
also includes JPMorgan Chase Bank, N.A. and Fifth Third Bank Chicago.
“The
increase in our line of credit provides us with the financial flexibility to
continue to expand our business and consider selective acquisitions that can
serve new and existing clients,” said Gary L. Burge, chief financial officer,
Huron Consulting Group. “We are delighted to continue our strong relationship
with LaSalle Bank and look forward to working with JPMorgan Chase and Fifth
Third.”
The
five-year agreement is an unsecured revolving credit facility and increases
the
Company’s line of credit from $35 million to $75 million. In addition, the new
agreement allows for an option to increase the line of credit up to $100
million.
About
Huron Consulting Group
Huron
Consulting Group helps clients effectively address complex challenges that
arise
in litigation, disputes, investigations, regulatory compliance, procurement,
financial distress, and other sources of significant conflict or change. The
Company also helps clients deliver superior customer and capital market
performance through integrated strategic, operational, and organizational
change. Huron provides services to a wide variety of both financially sound
and
distressed organizations, including Fortune 500 companies, medium-sized
businesses, leading academic institutions, healthcare organizations, and the
law
firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.
Statements
in this press release, which are not historical in nature and concern Huron
Consulting Group’s current expectations about the company’s reported results for
2006 and future results in 2006 are "forward-looking" statements as defined
in
Section 21E of the Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are identified by
words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,”
“estimates,” or “continue.” These forward-looking statements reflect our current
expectation about our future results, performance or achievements, including
without limitation, that our business continues to grow at the current
expectations with respect to, among other factors, utilization and billing
rates
and number of consultants; that we are able to expand our service offerings
through our existing consultants and new hires; and that existing market
conditions do not change from current expectations. These statements involve
known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by these
forward-looking statements. Therefore you should not place undue reliance on
these forward-looking statements. Please see “Risk Factors” in our Form 10-K and
in other documents we file with the Securities and Exchange Commission for
a
complete description of the material risks we face.
###
Media
Contact:
Jennifer
Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com
Investor
Contact:
Gary
L.
Burge, Chief Financial Officer
312-583-8722
garyburge@huronconsultinggroup.com