Youth and Family Centered Services (YFCS) is looking to tap the bank market for $170 million in senior secured facilities to back its purchase of Ascent Behavioral Health. The financing, led by UBS and GE Capital Markets, is expected to consist of a six-year, $50 million revolver and a seven-year, $120 million term loan. Pricing was expected last Friday, after CIN went to press. A bank meeting is set for Wednesday,
YFCS provides services focused on health, education and support needs of neglected and abused youth. It is owned by TA Associates and has 13 operations and over 100 programs in nine states. Ascent provides out-patient mental health services. Calls to officials at YFCS and TA were not returned. An official at Ascent could not be reached.