Acadia completes sale of U.K. behavioral health facilities for $395M
"The sale fulfills the undertakings Acadia gave the Competition and Markets Authority in the U.K. to address the CMA's concerns about the impact of Acadia's acquisition of Priory," the company noted. Acadia also announced it has amended its credit facility to increase the flexibility of its revolving credit facility and lower the interest rate and extend the term of the revolving credit facility and term loan A. Specifically, Acadia has increased its revolving credit facility to $500M from $300M, while reducing its term loan A to $400M from $600.6M. The revolving credit facility and loan now mature in November 2021, which extends the term from February 2019, and reduces the interest rate by 50 basis points.