Civitas repays 2014 credit facility as buyout by Centerbridge closes

By Wendy Van Sickle

Columbus, Ohio, March 8 – Civitas Solutions Inc. fully repaid and terminated its credit agreement dated Jan. 31, 2014 with Barclays Bank plc as administrative agent on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The repayment was in connection with closing of the buyout of the company by Centerbridge Partners LP for $17.75 in cash per share, resulting in an enterprise value of about $1.4 billion.

Civitas is a Boston-based provider of home- and community-based health and human services to must-serve individuals with intellectual, developmental, physical or behavioral disabilities and other special needs.

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