secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTHCARE CORP (NHC)
CIK:        0001047335
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001437749-23-013818
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047335/000143774923013818/0001437749-23-013818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047335/000143774923013818/nhc20230510_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013818

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