By Lisa Kerner
Charlotte, N.C., Nov. 4 – National Health Investors, Inc. issued $50 million of 3.99% eight-year notes and $50 million of 4.33% 10-year notes.
The notes are unsecured and require quarterly payments of interest only until maturity, according to a news release.
Proceeds were used to pay down borrowings on National Health’s revolving credit facility.
National Health Investors is a Murfreesboro, Tenn.-based health-care real estate investment trust.
| Issuer: | National Health Investors, Inc.
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| Issue: | Notes
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| Amount: | $100 million
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| Distribution: | Private placement
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|
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| First tranche
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| Amount: | $50 million
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| Coupon: | 3.99%
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| Maturity: | Eight years
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| Second tranche
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| Amount: | $50 million
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| Coupon: | 4.33%
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| Maturity: | 10 years
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