Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
On May10, 2017, Acadia Healthcare Company, Inc., a Delaware
corporation (the Company), entered into a Third
RepricingAmendment (the Amendment) to its Amended and Restated
Credit Agreement, dated as of December31, 2012 (as amended,
restated or otherwise modified to date, the Amended and Restated
Credit Agreement). As of the execution date thereof, the
Amendment reduces the Applicable Rate with respect to (i)the
Tranche B-1 Term Loan, which had approximately $489million
outstanding as of March31, 2017, to 2.75% from 3.00% in the case
of Eurodollar Rate Loans and to 1.75% from 2.00% in the case of
Base Rate Loans, and (ii)the Tranche B-2 Term Loan, which had
approximately $943million outstanding as of March31, 2017, to
2.75% from 3.00% in the case of Eurodollar Rate Loans and to
1.75% from 2.00% in the case of Base Rate Loans.
The foregoing is
only a summary of the material terms of the Amendment and does
not purport to be complete, and is qualified in its entirety by
reference to the Amendment, a copy of which is attached to this
Current Report on Form 8-K as Exhibit 10 and incorporated
herein by reference.
| Item2.03. |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
To the extent
required, the information set forth in Item 1.01 above is
incorporated by reference into this Item 2.03.
| Item7.01. | Regulation FD Disclosure. |
On May 10, 2017,
the Company issued a press release announcing the Amendment. The
press release is furnished herewith asExhibit 99hereto and
is incorporated by reference.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit Number |
Description |
|
|
Third Repricing Amendment, dated May10, 2017, to the Amended and Restated Credit Agreement, dated December31, 2012 (as amended, restated or otherwise modified to date), by and among Bank of America, NA (Administrative Agent, Swing Line Lender and L/C Issuer) and the Company (f/k/a Acadia Healthcare Company, LLC), the guarantors listed on the pages thereto, and the lenders listed on the pages thereto |
||
| Press Release, dated May 10, 2017 |
to the
requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
| ACADIA HEALTHCARE COMPANY, INC. | ||||||
| Date: May10, 2017 | By: | /s/ Christopher L. Howard | ||||
| Christopher L. Howard | ||||||
| Executive Vice President, Secretary and General Counsel |
EXHIBIT
INDEX
|
Exhibit Number |
Description |
|
|
Third RepricingAmendment, dated May10, 2017, to the Amended and Restated Credit Agreement, dated December31, 2012 (as amended, restated or otherwise modified to date), by and among Bank of America, NA (Administrative Agent, Swing Line Lender and L/C Issuer) and the Company (f/k/a Acadia Healthcare Company, LLC), the guarantors listed on the pages thereto, and the lenders listed on the |
About Acadia Healthcare Company, Inc. (NASDAQ:ACHC)
Acadia Healthcare Company, Inc. is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities. The Company is engaged in operating acute inpatient psychiatric facilities, specialty treatment facilities, residential treatment centers and facilities providing outpatient behavioral healthcare services. As of December 31, 2016, the U.S. Facilities segment included 208 behavioral healthcare facilities with approximately 8,500 beds in 39 states and Puerto Rico, and the U.K. Facilities segment included 365 behavioral healthcare facilities with approximately 8,600 beds in the United Kingdom. As of December 31, 2016, the Company had operated 573 behavioral healthcare facilities with approximately 17,100 beds in 39 states, the United Kingdom and Puerto Rico. Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Recent Trading Information
Acadia Healthcare Company, Inc. (NASDAQ:ACHC) closed its last trading session up +0.92 at 44.29 with 1,275,662 shares trading hands.
