National Healthcare Properties enters $500M credit facility, replaces secured loan

National Healthcare Properties, Inc.

$350M unsecured revolver and $150M term loan, maturing Dec. 11, 2028 (two 1-year extensions).
Interest rate: SOFR + 1.55%-2.10% or base + 0.55%-1.10% based on leverage ratio.
Proceeds for general corporate purposes, including acquisitions, capex, and working capital.
Covenants include max leverage, min fixed charge coverage, and unencumbered asset tests.
Terminated existing secured term loan from Capital One; Wells Fargo is administrative agent.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

National Healthcare Properties, Inc. incurred credit facility of a $400 million senior unsecured revolving credit facility and a $150 million senior unsecured term loan facility with Wells Fargo Bank, National Association at Daily Simple SOFR or Term SOFR plus a margin ranging from 1.55% to 2.10% per ann maturing December 11, 2028.

Instrument: credit facility
Principal: a $400 million senior unsecured revolving credit facility and a $150 million senior unsecured term loan facility
Counterparty: Wells Fargo Bank, National Association
Rate: Daily Simple SOFR or Term SOFR plus a margin ranging from 1.55% to 2.10% per ann
Maturity: December 11, 2028
Event: incurrence

Exact text from the filing

thereto, Capital One, National Association and the other lenders party thereto and paid off the outstanding secured term loan thereunder. The Credit Agreement provides for (i) a $400 million senior unsecured revolving credit facility (the “Revolving Facility”) and (ii) a $150 million senior unsecured term loan facility (the “Term Loan”, together with the Revolving

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Source: SEC EDGAR

accession 0001561032-25-000039

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