AAC Holdings amends, increases revolving line of credit to $55 million

By Tali Rackner

Minneapolis, Sept. 26 – AAC Holdings, Inc. entered to an incremental loan assumption agreement on Monday with Credit Suisse AG, Cayman Islands Branch as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The agreement increases the existing $40 million revolving line of credit by a principal amount of $15 million, to $55 million.

Revolving loans, including any revolving loans extended in connection with the incremental revolving credit commitments, mature on June 30, 2022.

The company intends to use proceeds for general corporate purposes.

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

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