NATIONAL HEALTHCARE CORP (NHC) Form 8-K — May 27, 2026
National HealthCare Corporation (NHC) entered into a new $525 million senior unsecured credit agreement on May 26, 2026, comprising a $475 million term loan and a $50 million revolving facility. The financing is structured to support the acquisition of assets and real property from National Health Investors (NHI), with the initial funding contingent on the closing of that transaction in Q3 2026. The term loans will amortize quarterly at approximately $5.9 million, with the remaining balance due at maturity in five years. Interest rates are tied to Term SOFR or a base rate plus a margin ranging from 1.25% to 1.75% and 0.25% to 0.75%, respectively, based on NHC's consolidated leverage ratio.
Key figures
- Commitment fee
- 0.20% - 0.30%
- Revolving facility
- 50000000
- Swingline sublimit
- 15000000
- Term loan facility
- 475000000
- Quarterly amortization
- 5937500
- Interest margin base rate
- 0.25% - 0.75%
- Interest margin term sofr
- 1.25% - 1.75%
- Letter of credit sublimit
- 5000000
Price after filing
Close on the filing date to close N calendar days later (from $192.00). Historical, not a forecast.
AI analysis
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