Acadia Healthcare begins cash tender offer for 12 7/8% notes due 2018

By Susanna Moon

Chicago, Sept. 14 – Acadia Healthcare Co., Inc. said it began a cash tender offer for its outstanding 12 7/8% senior notes due 2018.

The purchase price for the offer will be $1,078 for each $1,000 principal amount.

The tender offer will end at 5 p.m. ET on Sept. 18.

Holders also will receive accrued interest to but excluding the settlement date of Sept. 21.

Tendered notes may be withdrawn at any time before the offer ends or, if the tender offer is extended, the 10th business day after the beginning of the offer. Tendered notes may also be withdrawn after the 60th business day after the offer began if for any reason the offer has not been completed within 60 business days.

The tender offer is conditioned on the company obtaining financing.

The company intends to call any notes outstanding after the completion of the tender offer, according to a press release.

Ipreo LLC (212 849-3880 or at 888 593-9546) is the information agent and tender agent. Jefferies LLC (888 708-5831 or 212 363-8273) and BofA Merrill Lynch (888 292-0070 or 980 387-9534) are the dealer managers.

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

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