MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors (NYSE: NHI) announced today it has issued
$50,000,000 of 8-year notes with a coupon of 3.99% and $50,000,000 of
10-year notes with a coupon of 4.33% to a private placement lender. The
notes are unsecured and require quarterly payments of interest only
until maturity. The proceeds from the notes were used to pay down
borrowings on NHI’s revolving credit facility.
About National Health Investors
National Health Investors, Inc. (NYSE: NHI), a Maryland corporation
incorporated and publicly listed in 1991, is a healthcare real estate
investment trust (REIT) specializing in financing healthcare real estate
by purchase and leaseback transactions, RIDEA transactions and by
mortgage loans. NHI’s investments include senior housing (assisted
living, memory care, independent living and senior living campuses),
skilled nursing, medical office buildings and specialty hospitals. For
more information, visit www.nhireit.com.
Safe Harbor Statement
This press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.These
statements include, but are not limited to, statements regarding the
benefits of the transaction, including future financial and operating
results, statements regarding plans, objectives, expectations relating
to the transaction and other statements that are not historical facts.All statements regarding the Company’s, tenants’, operators’,
borrowers’ or managers’ expected future financial position, results of
operations, cash flows, funds from operations, dividend and dividend
plans, financing opportunities and plans, capital market transactions,
business strategy, budgets, projected costs, operating metrics, capital
expenditures, competitive positions, acquisitions, investment
opportunities, dispositions, acquisition integration, growth
opportunities, expected lease income, continued qualification as a real
estate investment trust (“REIT”), plans and objectives of management for
future operations, continued performance improvements, ability to
service and refinance our debt obligations, ability to finance growth
opportunities, and similar statements including, without limitation,
those containing words such as “may,” “will,” “believes,” “anticipates,”
“expects,” “intends,” “estimates,” “plans,” and other similar
expressions are forward-looking statements.Forward-looking
statements involve known and unknown risks and uncertainties that may
cause our actual results in future periods to differ materially from
those projected or contemplated in the forward-looking statements. Such
risks and uncertainties include, among other things:the risk
that the expected benefits of the transaction, including financial
results, may not be fully realized or may take longer to realize than
expected;risks related to disruption of management’s attention
from ongoing business operations due to the proposed transaction;the
effect of the announcement of the transaction on NHI’S relationships
with their respective customers, tenants, lenders, operating results and
businesses generally;the operating success of our tenants and
borrowers for collection of our lease and interest income; the success
of property development and construction activities, which may fail to
achieve the operating results we expect; the risk that our tenants and
borrowers may become subject to bankruptcy or insolvency proceedings;
risks related to governmental regulations and payors, principally
Medicare and Medicaid, and the effect that lower reimbursement rates
would have on our tenants’ and borrowers’ business; the risk that the
cash flows of our tenants and borrowers would be adversely affected by
increased liability claims and liability insurance costs; risks related
to environmental laws and the costs associated with liabilities related
to hazardous substances; the risk that we may not be fully indemnified
by our lessees and borrowers against future litigation; the success of
our future acquisitions and investments; our ability to reinvest cash in
real estate investments in a timely manner and on acceptable terms; the
potential need to incur more debt in the future, which may not be
available on terms acceptable to us; our ability to meet covenants
related to our indebtedness which impose certain operational
limitations; the risk that the illiquidity of real estate investments
could impede our ability to respond to adverse changes in the
performance of our properties; risks associated with our investments in
unconsolidated entities, including our lack of sole decision-making
authority and our reliance on the financial condition of other
interests; our dependence on revenues derived mainly from fixed rate
investments in real estate assets, while a portion of our debt bears
interest at variable rates;; the risk that our assets may be subject to
impairment charges; and our dependence on the ability to continue to
qualify for taxation as a real estate investment trust.Many of
these factors are beyond the control of the Company and its management.
The Company assumes no obligation to update any of the foregoing or any
other forward looking statements, except as required by law, and these
statements speak only as of the date on which they are made. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151104006734/en/
National Health Investors, Inc.
Roger Hopkins, 615-890-9100
Chief
Accounting Officer
Source: National Health Investors, Inc.