{"schema_version":"secwatch.filing_event.v1","accession":"0001561032-25-000039","form_type":"8-K","ticker":"NHP","cik":"0001561032","company_name":"National Healthcare Properties, Inc.","filed_at":"2025-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.742120+00:00","generated_at":"2026-05-16T13:29:57.348308+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"National Healthcare Properties enters $500M credit facility, replaces secured loan","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001561032-25-000039","json":"https://secwatch.observer/filing/0001561032-25-000039.json","markdown":"https://secwatch.observer/filing/0001561032-25-000039.md","text":"https://secwatch.observer/filing/0001561032-25-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1561032/000156103225000039/0001561032-25-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1561032/000156103225000039/hct-20251211.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:29:57.348308+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4bf09c49de6e0a7a076fbba76ebffbbab11a90a0","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1561032/000156103225000039/0001561032-25-000039-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"a $400 million senior unsecured revolving credit facility and a $150 million senior unsecured term loan facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Daily Simple SOFR or Term SOFR plus a margin ranging from 1.55% to 2.10% per ann"},{"label":"Maturity","value":"December 11, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}