secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001193125-24-243548
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

National Health Investors enters amended $700M credit agreement and amends $200M term loan
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- Entered $700M revolving credit facility maturing Oct 2028, with options to extend by 6 or 12 months upon fee payment.
- Outstanding borrowings under revolver were $307.4M and term loan outstanding $200M as of Oct 24, 2024.
- Credit agreement includes option to increase commitments or add term loans up to $1.0B with lender consent.
- Covenants include max total leverage 0.60x and minimum tangible net worth $1.475B; term loan covenants aligned.
- Amendment No. 1 aligns existing $200M term loan (due June 2025) with new credit agreement representations and covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000119312524243548/0001193125-24-243548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000119312524243548/d836704d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-243548

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