Acadia Healthcare refinanced its credit facility with Bank of America, increasing the line of credit to $500 million from $300 million and reducing its term loan A facility to $400 million from $600.6 million.

Bank of America served as administrative agent, swing line lender and L/C issuer on the transaction.

Acadia also increased the flexibility of the revolving credit facility and lowered the interest rate and extended the term of the revolving credit facility and Term Loan A.

The revolving credit facility and Term Loan A now mature in November 2021, which extends the term from February 2019 and reduces the interest rate by 50 basis points.