---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-018604"
form_type: "8-K"
ticker: "NHC"
cik: "0001047335"
company_name: "NATIONAL HEALTHCARE CORP"
filed_at: "2026-05-27T21:13:25+00:00"
generated_at: "2026-05-27T21:14:52.813989+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NHC enters $475M credit facility to fund NHI asset purchase; existing facility to be terminated

## Summary
- $475M senior unsecured term loan and $50M revolving credit facility with Bank of America as admin agent.
- Proceeds to finance acquisition of assets from NHI; transaction expected to close in Q3 2026.
- Interest at Term SOFR + 1.25%-1.75% (initial 1.50%) or base rate + 0.25%-0.75%; five-year maturity.
- Term loan amortizes quarterly at ~$5.9M; existing $0 credit agreement to be terminated upon funding.
- Financial covenants: max consolidated leverage ratio and min fixed charge coverage ratio, tested quarterly.

## SEC filing metadata
- accession: 0001437749-26-018604
- form_type: 8-K
- ticker: NHC
- cik: 0001047335
- company_name: NATIONAL HEALTHCARE CORP
- filed_at: 2026-05-27T21:13:25+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047335/000143774926018604/0001437749-26-018604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047335/000143774926018604/nhc20260527_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-018604
- JSON: https://secwatch.observer/filing/0001437749-26-018604.json
- Plain text: https://secwatch.observer/filing/0001437749-26-018604.txt

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