Acadia to price $300 million eight-year notes in Tuesday drive-by

By Paul A. Harris

Portland, Ore., June 17 – Acadia Healthcare Co., Inc. plans to price a $300 million offering of eight-year senior notes on Tuesday, according to a market source.

BofA Merrill Lynch, Jefferies LLC and Fifth Third Bank are the joint bookrunners for the Rule 144A and Regulation S offering.

Regions, Capital One South Coast, Credit Agricole CIB, Mitsubishi UFJ Securities and UBS Investment Bank are the co-managers.

The notes come with three years of call protection.

The ratings agencies are expected to assign single-B ratings to the notes.

The Franklin, Tenn.-based provider of inpatient behavioral health care services plans to use the proceeds to help fund the acquisition of Partnerships in Care.

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