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Acadia Healthcare finalizes term loan repricing at Libor plus 275 bps
By Sara Rosenberg
New York, May 5 – Acadia Healthcare Co. Inc. firmed pricing on its roughly $489 million term loan B-1 and $943 million term loan B-2 at Libor plus 275 basis points, the wide end of the Libor plus 250 bps to 275 bps talk, according to a market source.
The term loans still have a 0.75% Libor floor, a par issue price and 101 soft call protection for six months.
Bank of America Merrill Lynch is the lead bank on the deal.
Proceeds will be used to reprice existing term loans down from Libor plus 300 bps with a 0.75% Libor floor.
Acadia is a Franklin, Tenn.-based provider of inpatient and outpatient behavioral health care services.
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