Acadia Healthcare Company, Inc. (ACHC): debt financing — Acadia Healthcare enters $1.65B senior secured credit facility, extends maturities to 2030

Acadia Healthcare Company, Inc.

New $1B revolver and $650M term loan, both due Feb 28, 2030; replaces $600M revolver and term loan due Mar 2026.
On closing, $650M term loan fully drawn and $550M revolver drawn; used to refinance $1.156B existing debt.
Interest at SOFR + 1.375%-2.250% or base rate + 0.375%-1.250% based on leverage; commitment fee 0.20%-0.35%.
Covenants: Total Net Leverage ≤ 5.0x (up to 5.5x for acquisitions), Interest Coverage ≥ 3.0x.
Term loan amortization starts at 2.5% in year 1, rises to 10% in year 5; secured by substantially all assets excluding realty.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Acadia Healthcare Company, Inc. incurred term loan of $650 million senior secured term loan facility with JPMorgan Chase Bank, N.A., as administrative agent at a SOFR-based rate plus a margin ranging from 1.375% to 2.250% or a base rate plu maturing February 28, 2030.

Instrument: term loan
Principal: $650 million senior secured term loan facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: a SOFR-based rate plus a margin ranging from 1.375% to 2.250% or a base rate plu
Maturity: February 28, 2030
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a $1 billion senior secured revolving credit facility (including a $50 million sublimit for the issuance of letters of credit and a $50 million swingline subfacility) (the “Revolving Facility”) and a $650 million senior secured term loan facility (the “Term Loan Facility” and, together with the Revolving Facility, the “Senior Facilities”), each scheduled to mature on February 28, 2030.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Acadia Healthcare Company, Inc. incurred revolving credit of $1 billion senior secured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent at a SOFR-based rate plus a margin ranging from 1.375% to 2.250% or a base rate plu maturing February 28, 2030.

Instrument: revolving credit
Principal: $1 billion senior secured revolving credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: a SOFR-based rate plus a margin ranging from 1.375% to 2.250% or a base rate plu
Maturity: February 28, 2030
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a $1 billion senior secured revolving credit facility (including a $50 million sublimit for the issuance of letters of credit and a $50 million swingline subfacility) (the “Revolving Facility”) and a $650 million senior secured term loan facility (the “Term Loan Facility” and, together with the Revolving Facility, the “Senior Facilities”), each scheduled to mature on February 28, 2030.

View on SEC.gov

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Acadia Healthcare Company, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-042573

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