Full Press Release Details
Acadia Healthcare Announces Results of Cash Tender Offer
for Any and All of its 12.875% Senior Notes Due 2018
FRANKLIN, Tenn. - September 21, 2015 - Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (the Company ) today announced the results of its
previously announced cash tender offer (the Tender Offer ) to purchase any and all of its outstanding 12.875% Senior Notes due 2018 (CUSIP No. 00404AAC3) (the Notes ), which expired as of 5:00 p.m., New York City time, on
September 18, 2015 (the Expiration Time ). Approximately $88.3 million aggregate principal amount of the Notes had been validly tendered and not validly withdrawn before the Expiration Time and accepted for payment, representing
approximately 90.6% of the $97.5 million of Notes outstanding.
As previously announced, the purchase price in the Tender Offer for each $1,000 principal
amount of Notes tendered and accepted for payment is $1,078. The Company will also pay accrued and unpaid interest on the Notes accepted for payment in the Tender Offer up to, but not including, September 21, 2015. The settlement date for the
Notes tendered pursuant to the Tender Offer is expected to be September 21, 2015.
The Company also announced today that it delivered a notice to
redeem all of the Notes that remain outstanding following the consummation of the Tender Offer on November 2, 2015 (the Redemption Date ). The Company will redeem the outstanding Notes on the Redemption Date in accordance with their
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.
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 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.