other material
confidence high
sentiment neutral
materiality 0.65
NHI files $500M at-the-market equity distribution agreement with forward sale options
NATIONAL HEALTH INVESTORS INC
- Equity Distribution Agreement allows sale of up to $500M of common stock through multiple agents.
- Includes forward sale agreements with banks; NHI receives proceeds only upon physical settlement.
- Proceeds intended for general corporate purposes, including acquisitions and debt repayment.
- Agent commissions capped at 1.50% of gross sales price; forward sellers get similar reduction.
- Sales may be made 'at the market' on NYSE or in negotiated transactions.