AAC Holdings upsizes senior secured credit facility to $171.25 million

By Tali Rackner

Norfolk, Va., July 14 – AAC Holdings, Inc. increased its senior secured credit facility to $171.25 million from $121.25 million, according to a press release.

The facility, which matures in March 2020, now consists of a $50 million revolving credit facility and a $121.25 million term loan.

The $75 million accordion feature remains in place.

Interest was maintained at Libor plus 225 basis points to 325 bps, depending on leverage.

The facility was led by Bank of America, NA with Merrill Lynch, Pierce, Fenner & Smith Inc. and SunTrust Robinson Humphrey Inc. as joint bookrunners and lead arrangers and includes BMO Harris Bank NA, Raymond James, Hancock/Whitney, Texas Capital Bank, Capital Bank, Reliant Bank and Franklin Synergy.

AAC provides inpatient substance abuse treatment services and is based in Brentwood, Tenn.

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