Acadia Healthcare issues conditional call for 6 1/8%, 5 1/8% notes

By Wendy Van Sickle

Columbus, Ohio, June 10 – Acadia Healthcare Co. Inc. gave notice that it to redeem in full its outstanding 6 1/8% senior notes due 2021 and 5 1/8% senior notes due 2022 on July 10 at par plus accrued interest, according to a news release.

The redemptions are to be funded with proceeds of new notes and are conditioned upon the company having received proceeds from the offering of at least $450 million by the redemption date.

The company priced $450 million of 5½% eight-year notes on Wednesday in an offering that is expected to close on June 24.

The Franklin, Tenn.-based company operates a network of behavioral health centers.

© 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.