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Monday, 04/30/2012 11:58:55 AM

Monday, April 30, 2012 11:58:55 AM

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Acadia Healthcare announces follow-on offering of 8,261,509 shares of common stock (ACHC) 16.00 : The Company will be offering 8,250,000 shares of common stock and a selling stockholder will be offering 11,509 shares of common stock. Acadia intends to use the proceeds from this offering principally to fund its acquisition strategy. To the extent not used for acquisitions, the Company plans to use the proceeds for general corporate purposes and in addition, may use the proceeds to repay debt under its senior secured credit facility and senior notes. Acadia will not receive any proceeds from the sale of shares by the selling stockholder. Citigroup, BofA Merrill Lynch and Jefferies & Company, Inc. are acting as joint bookrunners for the offering, and Raymond James & Associates, Inc., RBC Capital Markets, LLC and Avondale Partners, LLC are acting as co-managers.
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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