Full Press Release Details
Acadia Healthcare Announces Closing of Equity Offering and
Underwriters Exercise of Option to Purchase Additional Shares
FRANKLIN, Tenn. May 11, 2015 Acadia Healthcare Company, Inc. ( Acadia or the Company ) (NASDAQ: ACHC) today
announced the completion of an underwritten public offering of 5,175,000 shares of Acadia s common stock. Included in the shares are 675,000 shares sold by Acadia pursuant to the underwriters exercise in full of their option to purchase
additional shares of common stock.
The shares of common stock were sold at a public offering price of $66.50 per share, for net proceeds to Acadia of
approximately $331.1 million, after underwriting discounts and commissions and estimated offering expenses. Acadia intends to use the proceeds from the offering to repay outstanding indebtedness on the revolving line of credit under its existing
amended and restated senior credit agreement, to fund its acquisition activity and for general corporate purposes.
BofA Merrill Lynch, Jefferies and UBS
Investment Bank acted as joint book-running managers for the offering, and Citigroup, Raymond James, RBC Capital Markets, Avondale Partners, Baird and Craig-Hallum Capital Group acted as co-managers. The shares of common stock were offered pursuant
to the Company s shelf registration statement on file with the Securities and Exchange Commission. The offering was made solely by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained by contacting:
(i) BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus Department or by e-mail at dg.prospectus_requests@baml.com; (ii) Jefferies, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 547-6340 or by e-mail at prospectus_department@jefferies.com; or (iii) UBS Investment Bank, Attention: Prospectus Department, 1285 Avenue of the Americas,
New York, NY 10019, or by telephone at (888) 827-7275.
This press release does not constitute an offer to sell or a solicitation of an offer to buy
these securities 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.
Acadia is a provider of inpatient behavioral healthcare services. Acadia operates a network of 208 behavioral healthcare facilities with approximately 8,600
beds in 37 states, the United Kingdom and Puerto Rico. 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.