|[March 12, 2013]
Acadia Healthcare Completes Offering of $150 Million Senior Unsecured Notes
FRANKLIN, Tenn. --(Business Wire)--
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced the
completion of the offering of $150 million in senior unsecured notes due
2021 (the "Notes") in a private offering that was exempt from the
registration requirements of the Securities Act of 1933, as amended (the
"Securities Act"). The Notes were sold to investors at a price of 100%
of the principal amount thereof and bear interest at a rate equal to
6.125% per annum. The Company intends to use the net proceeds from the
offering for general corporate purposes, which may include acquisitions.
The Company also announced the redemption of $52.5 million in principal
amount of its 12.875% Senior Notes due 2018 with proceeds from its
public equity offering in December 2012. The redemption price was equal
to 112.875% of the principal amount thereof,plus accrued and unpaid
interest to the redemption date.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
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 and Acadia's future results could differ significantly
from those expressed or implied by the forward-looking statements.
Acadia is a provider of inpatient behavioral healthcare services. Acadia
operates a network of 44 behavioral health facilities with over 3,400
licensed beds in 21 states. Acadia provides psychiatric and chemical
dependency services to its patients in a variety of settings, including
inpatient psychiatric hospitals, residential treatment centers,
outpatient clinics and therapeutic school-based programs.
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