Acadia Healthcare adds $350M in incremental term loans under existing credit facility

Acadia Healthcare Company, Inc.

Added $350M in aggregate principal amount of incremental term loans (Second Amendment Term A Loans) on Jan 18, 2024.
Proceeds for general corporate purposes, including litigation settlements and transaction costs.
Interest rate at SOFR+1.50% or base+0.50%; maturity March 17, 2026, same as existing term loans.
Obligations guaranteed by substantially all U.S. subsidiaries and secured by substantially all assets (excluding real property).
Existing credit agreement had $600M revolver and $425M term loan; amendment increases term loan to $775M.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Acadia Healthcare Company, Inc. amended Amended Credit Agreement with Bank of America, N.A. valued at $350 million Incremental Term Loans under existing $425 million Term Loan Facility and $600 million (effective 2024-01-18).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: $350 million Incremental Term Loans under existing $425 million Term Loan Facility and $600 million
Effective: 2024-01-18

Exact text from the filing

On January 18, 2024, Acadia Healthcare Company, Inc. (the " Company ") and the Guarantors (as defined below) entered into that certain Amendment No. 2 to Credit Agreement (the " Amendment ") with Bank of America, N.A., as administrative agent (the " Administrative Agent ") and certain lenders party thereto, which amends the Credit Agreement, dated as of March 17, 2021, among the Company, the Administrative Agent and the lenders from time to time party thereto

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Acadia Healthcare Company, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-011225

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