AAC Holdings reports plans to price initial public offering of stock

William Blair and Wells Fargo will be the joint bookrunning managers

By Devika Patel

Knoxville, Tenn., July 11 – AAC Holdings, Inc. will conduct its initial public sale of its common stock with a 30-day greenshoe, according to a Form S-1 filed Fridaywith the Securities and Exchange Commission.

William Blair and Wells Fargo Securities are the joint bookrunning managers. Raymond James and Avondale Partners are the co-managers.

Proceeds will be used to repay about $1.8 million of debt under the company’s revolving line of credit and term loan, for working capital and other general corporate purposes, which may include acquisitions and facility developments.

The provider of inpatient substance abuse treatment services is based in Brentwood, Tenn. The company intends to list its common stock on the NYSE exchange under the symbol “AAC.”

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