NHI Announces $100 Million 5-Year Term Loan and 3-Year Credit Facility

National Health Investors, Inc. NHI announced today that it has closed on a $50 million term loan and a new $50 million revolving credit facility with Regions Bank that replaces a $100 million credit facility maturing in February 2011. The $50 million term loan bears interest at a fixed rate of 3.98% for five years, and the new $50 million revolving credit facility bears interest at a rate of 250 basis points over LIBOR, matures in three years and has an accordion feature to allow for an additional $100 million in borrowings. Pinnacle Financial Partners is a participant bank in the new financing.