Moody's: Acadia unaffected

Moody's Investors Service said that Acadia Healthcare Co., Inc.'s announcement that it expanded its senior secured credit facility by $70 million has a modest negative impact on the company's credit profile and the expected loss given default on the company's outstanding senior unsecured notes.

However, the change in Acadia's capital structure is not enough to warrant a change in the ratings of the company, including the B1 corporate family and probability of default ratings and the B3 rating on the unsecured notes.

The proceeds will be used to repay the amount outstanding on Wynn Las Vegas' credit facilities.

The agency said the transaction improves Wynn Las Vegas' liquidity by increasing available liquidity and by further pushing out the maturity profile.

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