Acadia Healthcare gets consents to lift leverage under 12 7/8% notes

By Susanna Moon

Chicago, June 18 – Acadia Healthcare Co., Inc. said it secured the needed consents from a majority of noteholders to amend its 12 7/8% senior notes due 2018.

The company sought to raise the permitted secured leverage ratio to 3.5 times from 3 times, as previously announced.

The solicitation ended at 5 p.m. ET on June 17. It began June 9.

The supplemental indenture to the note will become operative on the payment date, the company previously said.

Jefferies LLC is the solicitation agent, and Ipreo LLC (888 593-9546 or 212 849-3880) is the information and tabulation agent.

Acadia is a Franklin, Tenn.-based provider of inpatient behavioral health care services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.