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Published on 12/15/2016 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Moody’s rates Acadia revolver, loan Ba2

Moody's Investors Service said it assigned Ba2 ratings to Acadia Healthcare Co., Inc.'s new $500 million revolving credit facility expiring in 2021 and $400 million term loan A due in 2021.

Proceeds from the new term loan and Acadia's previously announced divestiture of facilities in the United Kingdom were applied to the repayment of the company's previous term loan and revolver.

Acadia's remaining existing ratings, including the B1 corporate family rating and B1-PD probability of default rating, are unchanged.

The outlook remains stable.


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