Acadia Healthcare Prices $375 Million Senior Unsecured Notes
February 05 2015 - 4:00PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
the pricing of $375 million in senior unsecured notes due 2023 (the
“Notes”), which represents an upsizing of $75 million. The Notes
will be sold to investors at a price of 100% of the principal
amount thereof and will bear interest at a rate equal to 5.625% per
annum.
The Company intends to use the proceeds from the offering to
fund a portion of the purchase price for the planned acquisition of
CRC Health Group, Inc. (“CRC”) and the fees and expenses related to
the transaction. Consummation of the offering will occur
concurrently with, and is conditioned upon, the closing of the CRC
acquisition expected to occur on February 11, 2015.
The Notes are to be offered only to qualified institutional
buyers in reliance on Rule 144A under the Securities Act of 1933,
as amended, and outside the United States only to non-U.S. persons
pursuant to Regulation S.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities, and shall not
constitute an offer, solicitation or sale, in any jurisdiction in
which such offer, solicitation or sale is unlawful.
Forward-Looking Statements
This news release contains forward-looking statements. Generally
words such as “may,” “will,” “should,” “could,” “anticipate,”
“expect,” “intend,” “estimate,” “plan,” “continue,” and “believe”
or the negative of or other variation on these and other similar
expressions identify forward-looking statements. These
forward-looking statements are made only as of the date of this
news release. The Company does not undertake to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise. Forward-looking statements
are based on current expectations and involve risks and
uncertainties.
About Acadia
Acadia is a provider of inpatient behavioral healthcare
services. Acadia operates a network of 78 behavioral healthcare
facilities with approximately 5,800 beds in 24 states, the United
Kingdom and Puerto Rico. Acadia provides psychiatric and chemical
dependency services to its patients in a variety of settings,
including inpatient psychiatric hospitals, residential treatment
centers, outpatient clinics and therapeutic school-based
programs.
Acadia Healthcare Company, Inc.Brent Turner,
615-861-6000President
Acadia Healthcare (NASDAQ:ACHC)
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