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Psychiatric Solutions to start roadshow for $150 million 10-year notes on Wednesday
By Paul A. Harris
St. Louis, June 9 - Psychiatric Solutions, Inc. starts the roadshow Wednesday for $150 million of senior subordinated notes due 2013, according to a syndicate source.
The deal is expected to price late in the week of June 16, the source added.
Lehman Brothers and Merrill Lynch & Co. are joint bookrunners for the Rule 144A offering.
The notes will be non-callable for five years.
Proceeds will be used to fund the acquisition of Ramsay Youth Services, Inc. to refinance debt and repay Ramsay's debt.
The company is based in Franklin, Tenn.
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