Acadia Healthcare Announces Proposed $390 Million Senior Unsecured Debt Offering
February 02 2016 - 4:05PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that it is proposing to issue $390 million in senior unsecured
notes due 2024 (the “Notes”) in a private offering that is exempt
from the registration requirements of the Securities Act of 1933,
as amended (the “Securities Act”).
The Company intends to use its proceeds from the offering to
fund a portion of the purchase price for the planned acquisition of
the Priory Group and the fees and expenses related to the
transaction.
The Notes are to be offered only to qualified institutional
buyers in reliance on Rule 144A under the Securities Act 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 258 behavioral healthcare
facilities with more than 9,900 beds in 39 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160202006562/en/
Acadia Healthcare Company, Inc.Brent Turner,
615-861-6000President
Acadia Healthcare (NASDAQ:ACHC)
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