---
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"
generated_at: "2026-05-16T13:29:57.348308+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001561032-25-000039
- JSON: https://secwatch.observer/filing/0001561032-25-000039.json
- Plain text: https://secwatch.observer/filing/0001561032-25-000039.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1561032/000156103225000039/0001561032-25-000039-index.htm

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