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FOR IMMEDIATE RELEASE
RAMSAY YOUTH SERVICES, INC. CLOSES $5 MILLION
SUBORDINATED FINANCING
CORAL GABLES, FLORIDA, JUNE 21, 2000 . . . RAMSAY YOUTH SERVICES, INC.
(NASDAQ:RYOU) announced today that it has closed a $5 million subordinated debt
financing with ING (U.S.) Capital LLC. The proceeds of the additional financing
will be used for general corporate purposes, including the expansion of the
Company's business.
Ramsay Youth Services, Inc. is a leading quality provider and manager of
treatment, education and community-based programs for at-risk, troubled and
special needs youth. The Company has operations in nine states and the
Commonwealth of Puerto Rico.
Except for historical information contained herein, the matters set forth in
this news release are forward-looking statements as defined under the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties.
Actual operations and results may differ materially from those expected in the
forward looking statements made by the Company. Please refer to Ramsay's filings
with the Securities and Exchange Commission for additional information.
Contact: Isa Diaz
Vice President Corporate Relations
(305) 569-4626
