Item 1.01. Entry into a Material Definitive Agreement.
On November 13, 2020, Acadia Healthcare Company, Inc. (the "Company"), entered
into the Fourth Refinancing Facilities Amendment (the "Amendment") to its
Amended and Restated Credit Agreement, dated as of December 31, 2012, among the
Company, the subsidiary guarantors party thereto, Bank of America, N.A., as
administrative agent, swing line lender and L/C issuer, and the various lenders
identified therein. The Company entered into the Amendment for the purpose of
extending the maturity date of each of the existing revolving line of credit and
the existing Tranche A term loan from November 30, 2021 to November 30, 2022.
The Amendment was implemented by (1) replacing the prior revolving line of
credit in an aggregate committed amount of $500.0 million with a new revolving
line of credit in an aggregate committed amount of approximately $459.0 million
and (2) replacing the prior Tranche A term loan in an aggregate outstanding
principal amount of approximately $325.4 million with a new Tranche A term loan
in an aggregate principal amount of approximately $318.9 million. The interest
rate margin applicable to both facilities remains unchanged from the prior
facilities, and the commitment fee applicable to the new revolving line of
credit also remains unchanged from the prior revolving line of credit.
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 10.1 and incorporated herein by reference.
Item 2.03. 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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
10.1 Fourth Refinancing Facilities Amendment, dated November 13, 2020, to
the Amended and Restated Credit Agreement, dated December 31, 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),
the Company, the guarantors listed on the signature pages thereto, and
the lenders listed on the signature pages thereto.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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