By Lisa Kerner
Charlotte, N.C., Jan. 15 – National Health Investors, Inc. announced the placement of $225 million of unsecured notes with Prudential Capital Group and its affiliates.
The notes consist of
• $125 million of 3.99% series A notes due 2023; and
• $100 million of 4.51% series B notes due 2027.
Interest on the notes is payable quarterly.
Proceeds were used to reduce borrowings on National Health’s unsecured bank credit facility with Wells Fargo Bank, N.A., according to a company news release.
Murfreesboro, Tenn.-based National Health Investors is a health-care real estate investment trust.
| Issuer: | National Health Investors, Inc.
|
| Issue: | Unsecured notes
|
| Amount: | $225 million
|
| Announced: | Jan. 15
|
| Distribution: | Private placement
|
| Purchasers: | Prudential Capital Group and affiliates
|
|
|
| Series A
|
| Amount: | $125 million
|
| Coupon: | 3.99%
|
| Maturity: | Jan. 13, 2023
|
|
|
| Series B
|
| Amount: | $100 million
|
| Coupon: | 4.51%
|
| Maturity: | Jan. 13, 2027
|
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