MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has issued
$225 million in unsecured notes to Prudential Capital Group and its
affiliates and has used the proceeds of the notes to reduce borrowings
on NHI's unsecured bank credit facility with Wells Fargo Bank, National
Association, as Administrative Agent (the "Credit Facility").
The notes consist of: Series A Notes in an aggregate amount of $125
million due January 13, 2023 with fixed annual interest of 3.99% payable
quarterly with principal due at maturity; and Series B Notes in an
aggregate amount of $100 million due January 13, 2027 with fixed annual
interest of 4.51% payable quarterly with principal due at maturity.
Terms and conditions of the new financing are similar to those under the
Credit Facility with the exception of provisions regarding prepayment
premiums.
About National Health Investors
Incorporated in 1991, National Health Investors, Inc. (NYSE: NHI) is a
real estate investment trust specializing in sale-leaseback,
joint-venture, mortgage and mezzanine financing of need-driven and
discretionary senior housing and medical investments. NHI’s portfolio
consists of independent, assisted and memory care communities,
entrance-fee retirement communities, skilled nursing facilities and
specialty hospitals. For more information, visit www.nhireit.com.
About Prudential Capital Group
Prudential Capital Group has been a leading provider of private debt,
mezzanine and equity securities to companies worldwide for more than 70
years. Managing a portfolio of $69.1 billion as of September 30, 2014,
Prudential Capital offers senior debt and mezzanine capital, leveraged
leases, credit tenant leases, and equipment finance to companies,
worldwide. The global regional office network has locations in Atlanta,
Chicago, Dallas, Frankfurt, London, Los Angeles, Minneapolis, Newark,
N.J., New York, Paris and San Francisco. For more information, please
visit www.prudentialcapitalgroup.com.
National Health Investors, Inc.
Roger Hopkins, 615-890-9100
Chief
Accounting Officer
Source: National Health Investors, Inc.