National Health Investors Closes on $100 Million Revolving Credit Facility
Published February 2nd, 2010
National Health Investors, Inc. (NYSE: NHI) announced today it has closed on a $100 million unsecured revolving credit facility to fund new healthcare real estate investments. The new credit facility, which was provided by Regions Bank as agent and Pinnacle National Bank as a participating bank, bears interest at a margin of 250 basis points over LIBOR with a floor of 1% and matures in February 2011.
Justin Hutchens, NHI President and COO stated, “This new credit facility provides NHI the available capacity and flexibility to make additional high-quality real estate investments in 2010. Additionally, NHI will continue to review long term capital strategies for its new investments that will maximize returns to our shareholders.”
National Health Investors, Inc. is a healthcare real estate investment trust that specializes in the financing of healthcare real estate by purchase and leaseback transactions and by mortgage loans. NHI’s investments involve skilled nursing facilities, assisted living facilities, independent living facilities, medical office buildings, and an acute care hospital. The common stock of the company trades on the New York Stock Exchange with the symbol NHI. Additional information about NHI, including its most recent press releases, may be obtained on NHI’s web site at www.nhinvestors.com
