Acadia Healthcare (ACHC) priced a debt offering to raise $550 million, $50 million more than planned.
The 7.375% senior notes due March 2033 were priced at par, and the offering is expected to close Monday,
Funds will be used to repay outstanding borrowings under a revolving line of credit, the company said Thursday in a statement.
Shares of the company rose 2.5% in after-hours trading.