NHI closes $100M unsecured revolving credit facility to fund new healthcare real estate investments

National Health Investors, IncFeb 2 2010

National Health Investors, Inc. (NYSE: NHI) announced today it has closed on a $100 million unsecured revolving credit facility to fund new healthcare real estate investments. The new credit facility, which was provided by Regions Bank as agent and Pinnacle National Bank as a participating bank, bears interest at a margin of 250 basis points over LIBOR with a floor of 1% and matures in February 2011.

“This new credit facility provides NHI the available capacity and flexibility to make additional high-quality real estate investments in 2010. Additionally, NHI will continue to review long term capital strategies for its new investments that will maximize returns to our shareholders.”

Justin Hutchens, NHI President and COO stated, “This new credit facility provides NHI the available capacity and flexibility to make additional high-quality real estate investments in 2010. Additionally, NHI will continue to review long term capital strategies for its new investments that will maximize returns to our shareholders.”