CRC Health extends $309 million of term loan borrowings to 2015

By Sara Rosenberg

New York, Jan. 26 - CRC Health Corp. extended about $309 million of its $399 million term loan to November 2015, with the balance of the debt continuing to mature in February 2013, according to a market source.

Pricing on the extended loan is Libor plus 450 basis points with 101 soft call protection for one year, while pricing on the non-extended is Libor plus 225 bps.

Citigroup acted as the lead bank on the transaction.

CRC is a Cupertino, Calif.-based provider of substance abuse treatment and adolescent youth services.

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