MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has closed
on a $200 million unsecured revolving credit facility that will be used
for general corporate purposes, including working capital requirements
and funding new healthcare real estate investments. The new credit
facility, which can be expanded by an additional $100 million, bears
interest at a margin of 150 basis points over LIBOR and matures in 2015
plus a one-year extension option. The facility replaces a similar $100
million unsecured credit facility that was set to mature in 2013. Wells
Fargo led a syndicate of banks that includes BMO Capital Markets,
KeyBank and Pinnacle National Bank.
Justin Hutchens, NHI Chief Executive Officer and President, noted, “With
the addition of this credit facility, NHI is well positioned to continue
our selective growth strategy. This strong bank group stepped up with
large commitments and was able to provide favorable terms. We sincerely
appreciate each bank’s confidence in NHI.”
About National Health Investors
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
hospitals based on acute and rehabilitative care. 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.nhireit.com.
Statements in this press release that are not historical facts are
forward-looking statements. NHI cautions investors that any
forward-looking statements may involve risks and uncertainties and are
not guarantees of future performance. All forward-looking statements
represent NHI’s judgment as of the date of this release.Investors
are urged to carefully review and consider the various disclosures made
by NHI in its periodic reports filed with the Securities and Exchange
Commission, including the risk factors and other information disclosed
in NHI’s Annual Report on Form 10-K for the most recently ended fiscal
year. Copies of these filings are available at no cost on the SEC’s web
site at http://www.sec.gov
or on NHI’s web site at http://www.nhireit.com.
National Health Investors, Inc.
Roger R. Hopkins, Chief Accounting
Officer, 615-890-9100
Source: National Health Investors, Inc.