secwatch.observer — SEC 8-K summary
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Issuer:     Acadia Healthcare Company, Inc. (ACHC)
CIK:        0001520697
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001193125-25-042573
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520697/000119312525042573/0001193125-25-042573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520697/000119312525042573/d922354d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-042573

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