AAC Holdings increased its senior secured credit facility from $121.25 million to $171.25 million, consisting of a $50 million revolving credit facility and a $121.25 million term loan. AAC retains a $75 million accordion feature.

The facility was led by Bank of America with Merrill Lynch and SunTrust Robinson Humphrey as joint bookrunners and joint lead arrangers and included BMO Harris, Raymond James, Hancock/Whitney, Texas Capital, Capital Bank, Reliant Bank and Franklin Synergy.

The facility is scheduled to mature in March 2020 and bears interest at LIBOR plus a margin between 2.25% to 3.25% or a base rate plus a margin between 1.25% and 2.25%, in each case depending on the company’s leverage ratio. The facility has an accordion feature that provides for an additional $75 million of borrowing capacity under the credit facility, subject to certain consents and conditions, including obtaining additional commitments from lenders.

American Addiction Centers is a provider of inpatient substance abuse treatment services.