{"schema_version":"secwatch.filing_event.v1","accession":"0000877860-23-000076","form_type":"8-K","ticker":"NHI","cik":"0000877860","company_name":"NATIONAL HEALTH INVESTORS INC","filed_at":"2023-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.523741+00:00","generated_at":"2026-06-13T22:07:42.802220+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"NHI enters $200M unsecured term loan, replaces $300M prior facility","bullets":["New $200M term loan fully drawn on June 16, 2023; matures June 16, 2025 with two six-month extension options.","Interest rates: Term SOFR + 0.75%-1.65% margin or Base Rate + 0.00%-0.65%, based on credit rating; floor of 1.0%.","Financial covenants include max total leverage 0.60x, minimum tangible net worth $1.57B, and fixed charge coverage ≥1.50x.","Existing $300M term loan dated September 2018 was terminated and repaid in full; subsidiary guarantees released.","Option to increase term loans to $300M aggregate with lender consent; extension fee 0.075% per six-month term."],"urls":{"canonical":"https://secwatch.observer/filing/0000877860-23-000076","json":"https://secwatch.observer/filing/0000877860-23-000076.json","markdown":"https://secwatch.observer/filing/0000877860-23-000076.md","text":"https://secwatch.observer/filing/0000877860-23-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/877860/000087786023000076/0000877860-23-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/877860/000087786023000076/nhi-20230620.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:07:42.802220+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bc6f26564c3c4df6ebc878c6811b28d9a4bc683","claim":"NATIONAL HEALTH INVESTORS INC incurred term loan of $200.0 million with Wells Fargo Bank, National Association, as administrative agent at Term SOFR (plus a credit spread adjustment) plus a margin ranging from 0.75% to maturing June 16, 2025.","evidence_excerpt":"On June 16, 2023 (the “ Effective Date ”), National Health Investors, Inc. (the “ Company ”) entered into a Term Loan Agreement (the “ Loan Agreement ”) with Wells Fargo Bank, National Association, as administrative agent (the “ Agent ”), and the financial institutions party thereto as lenders and agents, which provides for aggregate revolving loan commitments of $200.0 million (the “ Term Loan ”), which amount was fully advanced on the Effective Date.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/877860/000087786023000076/0000877860-23-000076-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent"},{"label":"Rate","value":"Term SOFR (plus a credit spread adjustment) plus a margin ranging from 0.75% to"},{"label":"Maturity","value":"June 16, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}