National HealthCare amended its Credit Agreement to increase the revolving credit facility from $50 million to $75 million and drew $475 million under its senior unsecured term loan plus $55 million from the revolver to fund the transaction and related costs. Concurrently, the company restructured its master lease with National Health Investors, terminating it for most facilities while retaining four Florida locations via assignment to an NHC subsidiary. National HealthCare also terminated its 2024 credit facility with Bank of America, consolidating borrowings under the updated structure to enhance flexibility and streamline financing.
Agreement 1: National HealthCare Ups Revolving Credit Facility to $75 Million Under Amended Agreement
- Agreement type: Amendment to senior unsecured revolving credit facility
- Counterparty: Bank of America, as administrative agent, and other lenders
- Signed / Effective: Jun 29 2026 / Jun 29 2026
- Reason: Enhance liquidity for transaction closing and operations
Agreement 2: National HealthCare Restructures NHI Master Lease, Retains Four Florida Facilities
- Agreement type: Partial master lease termination and partial assignment and assumption
- Counterparty: National Health Investors and affiliated parties
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Reason: Align lease structure with acquired asset portfolio
Agreement 3: National HealthCare Ends 2024 Credit Facility With Bank of America After Refinancing
- Agreement terminated: Existing senior unsecured credit agreement
- Counterparty: Bank of America
- Original agreement date: Aug 01 2024
- Termination date: Jul 01 2026
- Termination type: mutual
- Exit fees / payments: None
- Reason: Replaced by new credit facilities supporting transaction financing
Original SEC Filing:
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