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Acadia Healthcare sets roadshow for $390 million eight-year notes backing Priory acquisition
By Paul A. Harris
Portland, Ore., Feb. 2 – Acadia Healthcare Co. Inc. plans to market a $390 million offering of eight-year senior notes on Wednesday and Thursday, according to a market source.
The Rule 144A and Regulation S offering is expected to price late this week.
BofA Merrill Lynch and Jefferies LLC are leading the deal.
The Franklin, Tenn.-based provider of inpatient behavioral health care services plans to use the proceeds to help fund the acquisition of Priory, a provider of behavioral health care services in the United Kingdom.
The financing also includes a $955 million term loan.
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