---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013818"
form_type: "8-K"
ticker: "NHC"
cik: "0001047335"
company_name: "NATIONAL HEALTHCARE CORP"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:24:29.343334+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-013818
- form_type: 8-K
- ticker: NHC
- cik: 0001047335
- company_name: NATIONAL HEALTHCARE CORP
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047335/000143774923013818/0001437749-23-013818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047335/000143774923013818/nhc20230510_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013818
- JSON: https://secwatch.observer/filing/0001437749-23-013818.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013818.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047335/000143774923013818/0001437749-23-013818-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.