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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.