NHC enters into $50M revolving credit facility with Pinnacle Bank

NATIONAL HEALTHCARE CORP

Revolver of $50 million with a one-year term, unsecured.
Interest at Term SOFR plus 1.25% or 1.10% based on conditions.
Funds for general corporate purposes, including working capital and acquisitions.
Prepayment permitted without penalty; customary covenants and defaults.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NATIONAL HEALTHCARE CORP entered into Revolving Credit Loan Agreement with Pinnacle Bank valued at $50,000,000 (effective 2023-05-10).

Action: entry
Agreement: credit facility
Counterparty: Pinnacle Bank
Value: $50,000,000
Effective: 2023-05-10

Exact text from the filing

On May 10, 2023, National HealthCare Corporation (“NHC”) entered into a Revolving Credit Loan Agreement (the “Credit Agreement”) with Pinnacle Bank, as lender (the “Lender”). The Credit Agreement provides for a $50,000,000 revolving credit facility with a one-year term (the “Credit Facility”).

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Source: SEC EDGAR

accession 0001437749-23-013818

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