Reuters logo
BRIEF-AAC Holdings secures committed $65 mln acquisition financing for AdCare transaction
October 9, 2017 / 8:28 PM / in 13 days

BRIEF-AAC Holdings secures committed $65 mln acquisition financing for AdCare transaction

Oct 9 (Reuters) - AAC Holdings Inc

* AAC Holdings secures committed $65 million acquisition financing for AdCare transaction and increases revolving credit facility

* AAC Holdings Inc - ‍also announced that it increased its revolving credit facility under its existing senior secured credit facility by $15 million to $55 million​

* AAC Holdings Inc - ‍increased revolving credit facility is scheduled to mature in June 2022​

* AAC Holdings - ‍terms of incremental term loan facility would be consistent with AAC’s existing $210 million senior secured term loan facility

* AAC Holdings Inc - ‍terms of incremental term loan facility is scheduled to mature in june 2023​

* AAC Holdings Inc - ‍proceeds from incremental term loan facility would be used to fund AAC’s proposed acquisition of AdCare Inc.​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below