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.

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