FOR
IMMEDIATE RELEASE
February
28, 2007
Huron
Consulting Group Amends Credit
Agreement
CHICAGO
- February 28, 2007 - Huron Consulting Group (NASDAQ: HURN),
a leading provider of financial and operational consulting services, today
announced it has increased its existing credit facility with a bank group
led by
LaSalle Bank, N.A., which also includes JPMorgan Chase Bank, N.A., Fifth
Third
Bank, Bank of America, N.A., and National City Bank.
"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, JPMorgan Chase Bank, and Fifth Third
Bank and we look forward to working with Bank of America and National City
Bank.”
The
agreement, expiring in February 2012, is an unsecured revolving
credit facility and increases the Company's line of credit from $130 million
to
$175 million. In addition, the new agreement allows for an option to increase
the line of credit up to $225 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 2007 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, number of billable
consultants, and number of other revenue-generating professionals; that we
are
able to expand our service offerings; that we successfully integrate the
businesses we acquire; 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
###