---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-042573"
form_type: "8-K"
ticker: "ACHC"
cik: "0001520697"
company_name: "Acadia Healthcare Company, Inc."
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-25T23:00:36.570837+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Acadia Healthcare enters $1.65B senior secured credit facility, extends maturities to 2030

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-042573
- form_type: 8-K
- ticker: ACHC
- cik: 0001520697
- company_name: Acadia Healthcare Company, Inc.
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1520697/000119312525042573/0001193125-25-042573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520697/000119312525042573/d922354d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-042573
- JSON: https://secwatch.observer/filing/0001193125-25-042573.json
- Plain text: https://secwatch.observer/filing/0001193125-25-042573.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.