Acadia Healthcare to sell $150 million eight-year notes this week

By Paul Deckelman

New York, March 4 - Acadia Healthcare Co. Inc. plans to sell $150 million of senior unsecured notes due 2021, the company said on Monday.

Junk market syndicate sources said that the deal is expected to price on Thursday.

They said that it will come to market via joint bookrunning managers Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Jefferies & Co. Inc., along with co-manager Fifth Third Securities Inc.

The Rule 144A with registration rights/Regulation S deal will come with three years of call protection.

There will be a change-of-control put at 101% plus accrued interest.

Acadia, a Franklin, Tenn.-based provider of inpatient behavioral health care services, plans to use the proceeds from the deal for general corporate purposes, which may include acquisitions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.