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The Company intends to use its proceeds from the offering to fund a cash tender offer for any and all of its outstanding 12.875% senior notes due 2018, repay outstanding indebtedness under its senior secured revolving line of credit, and use any remaining proceeds for general corporate purposes, including to fund acquisition activity.
The Notes are to be offered only to qualified institutional buyers in
reliance on Rule 144A under the Securities Act and outside
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
Forward-Looking Statements
This news release contains forward-looking statements. Generally words such as “may,” “will,” “should,” “could,” “anticipate,” “expect,” “intend,” “estimate,” “plan,” “continue,” and “believe” or the negative of or other variation on these and other similar expressions identify forward-looking statements. These forward-looking statements are made only as of the date of this news release. The Company does not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are based on current expectations and involve risks and uncertainties.
About Acadia
Acadia is a provider of inpatient behavioral health services. Acadia
operates a network of 232 behavioral health facilities with more than
9,400 beds in 37 states, the
View source version on businesswire.com: http://www.businesswire.com/news/home/20150914005612/en/
Source:
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President