NHI Enters Into Interest Rate Swap on $40 Million 7-Year Term Loan
National Health Investors, Inc. (NYSE: NHI) has entered into a 7-year interest rate swap agreement with a bank counterparty to fix the annual interest rate at 3.04% on the $40 million, 7-year term loan that was included in NHI's $320 million bank credit facility announced on May 1, 2012. The term loan had a floating interest rate of 150 basis points over LIBOR.
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