MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a publicly traded healthcare REIT based in Murfreesboro, has entered into a $300 million bank term loan with a five-year maturity.
At closing, proceeds from the new loan were used to reduce the outstanding balance on NHI’s $550 million revolving credit facility and to increase NHI’s available liquidity for making new investments. The variable interest will initially be set at 30-day LIBOR plus 125 basis points.
Wells Fargo Bank acted as administrative agent. Bank of America NA, KeyBank National Association and Regions Bank acted as syndication agents. Bank of Montreal, Capital One NA, Goldman Sachs Bank USA and JP Morgan Chase Bank NA acted as documentation agents and arranged a syndicate that included nine banks including Pinnacle National Bank.