NHI Announces $700M Credit Facility

National Health Investors, Inc. (NYSE: NHI) announced today it has enteredinto amended $700 million senior unsecured credit facilities that include anew $450 million revolving credit facility, a new $130 million term loan andexisting $120 million term loans. The facilities can be expanded, subject tocertain conditions, up to an additional $130 million. At closing, the newfacilities replaced smaller credit facilities that originated on June 30, 2013and provided for $370 million of total commitments.The amended credit facilities provide for: (1) a $450 million unsecured,revolving credit facility that matures in March 2019 (inclusive of an embedded1-year extension option) with interest at 150 basis points over LIBOR; (2) a$130 million unsecured term loan that matures in June 2020 with interest at175 basis points over LIBOR of which interest of 3.91% is fixed with aninterest rate swap agreement; and (3) two existing term loans which remain inplace totaling $120 million, maturing in June 2020 and bearing interest at 175basis points over LIBOR, a notional amount of $40 million being fixed at 3.29%until 2019 and $80 million being fixed at 3.86% until 2020.Justin Hutchens, NHI's CEO and President, noted, “With the closing of thesecredit facilities and the recent $200 million convertible senior noteoffering, NHI has successfully fixed a majority of its interest rate expense,extended maturities and expanded its borrowing capacity to support additionalgrowth. We appreciate the bank group's continued support of NHI's business andcapital plans.”Wells Fargo Securities, LLC, BMO Capital Markets and KeyBank NationalAssociation were joint lead arrangers for the facilities and arranged asyndicate that included 11 banks. J.P. Morgan Securities LLC and MerrillLynch, Pierce, Fenner & Smith Incorporated were joint lead arrangers and jointbookrunners for the revolving credit facility. Capital One, NationalAssociation was joint lead arranger and joint bookrunner for the term loan.Other banks in the credit facilities are Regions Bank, Pinnacle National Bank,United Community Bank, Stifel Bank & Trust and UMB Bank.About NHINational Health Investors, Inc. (NYSE: NHI), a Maryland corporationincorporated and publicly listed in 1991, is a healthcare real estateinvestment trust (REIT) specializing in financing healthcare real estate bypurchase and leaseback transactions, RIDEA transactions and by mortgage loans.NHI's investments include senior housing (assisted living, memory care,independent living and senior living campuses), skilled nursing, medicaloffice buildings, and hospitals. For more information, visit www.nhireit.com.Safe Harbor StatementStatements in this press release that are not historical facts areforward-looking statements. NHI cautions investors that any forward-lookingstatements may involve risks and uncertainties and are not guarantees offuture performance. All forward-looking statements represent NHI's judgment asof the date of this release. Investors are urged to carefully review andconsider the various disclosures made by NHI in its periodic reports filedwith the Securities and Exchange Commission, including the risk factors andother information disclosed in NHI's Annual Report on Form 10-K for the mostrecently ended fiscal year. Copies of these filings are available at no coston the SEC's web site at http://www.sec.gov or on NHI's web site athttp://www.nhireit.com.