Acadia Healthcare sets price talk for $150 million seven-year notes

By Paul A. Harris

Portland, Ore., Oct. 26 - Acadia Healthcare Co., Inc. talked its $150 million offering of seven-year senior notes (B3/B-) with a 12¾% coupon plus a discount of 1.25 points on Wednesday, according to an informed source.

The books are closed.

The deal is set to price on Thursday morning.

Jefferies & Co. is the manager.

The Franklin, Tenn.-based inpatient behavioral health care services provider plans to use the proceeds to consummate its merger with Peabody, Mass.-based Pioneer Behavioral Health, a behavioral health care services provider.

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