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Acadia Healthcare seeks term loan repricing at Libor plus 250-275 bps
By Sara Rosenberg
New York, April 28 – Acadia Healthcare Co. Inc. is seeking a repricing of its roughly $950 million term loan B that is talked at Libor plus 250 basis points to 275 bps with a 0.75% Libor floor and a par issue price, according to a market source.
The repriced loan has 101 soft call protection for six months, the source said.
Bank of America Merrill Lynch is the lead bank on the deal that launched with a call on Thursday.
The repricing will take the term loan down from Libor plus 300 bps with a 0.75% Libor floor.
Commitments are due at noon ET on Thursday, the source added.
Acadia is a Franklin, Tenn.-based provider of inpatient and outpatient behavioral health care services.
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