National Healthcare Properties Announces Closing of New $550 Million Senior Unsecured Credit Facility

Core Points - National Healthcare Properties, Inc. has closed a $550 million senior unsecured credit facility, consisting of a $400 million revolving credit facility and a $150 million term loan, maturing in December 2028 [1][2] - The credit facility includes an accordion feature allowing an increase in total borrowing capacity by up to an additional $450 million, bringing the total potential capacity to $1 billion [2] - The interest on amounts outstanding under the credit facility is based on SOFR plus a margin of 1.55% to 2.10%, depending on the company's leverage [2] - The company plans to use the borrowings to pay off an existing $330 million secured term loan and for future acquisitions, working capital, and general corporate purposes [2][3] Financial Strategy - The new credit facility is intended to strengthen the company's balance sheet and liquidity position, supporting its long-term growth strategy [3] - The facility provides financial capacity for executing on the senior housing operating properties pipeline and offers flexibility for a disciplined deleveraging strategy [3] Partnerships and Support - Wells Fargo Securities, LLC and BMO Bank N.A. acted as Joint Bookrunners, with Wells Fargo Bank serving as the Administrative Agent [4] - Several banks participated as Joint Bookrunners and Documentation Agents, indicating strong support from financial partners [4] Company Overview - National Healthcare Properties, Inc. is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, particularly in seniors housing and outpatient medical facilities in the United States [5]