National Healthcare Corp 8-K, filed May 11, 2023
National Healthcare Corp (NHC)
8-K
2023-05-11
For: 2023-05-10
View Original
Added on
April 07, 2026
About this 8-K
National Healthcare Corp filed this 8-K on May 11, 2023, reporting on events of May 10, 2023.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 11, 2023 (May 10, 2023 )
(Exact name of registrant as specified in its charter)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On May 10, 2023, National HealthCare Corporation (“NHC”) entered into a Revolving Credit Loan Agreement (the “Credit Agreement”) with Pinnacle Bank, as lender (the “Lender”).
The Credit Agreement provides for a $50,000,000 revolving credit facility with a one-year term (the “Credit Facility”).
The Credit Facility is for general corporate purposes, including working capital and acquisitions. NHC is permitted, upon required notice to Lender, to prepay the amounts outstanding under the Credit Facility at any time without penalty. Loans bear interest at either (i) Term SOFR, plus 1.25%; or (ii) Term SOFR, plus 1.10%, depending upon NHC meeting certain conditions.
NHC’s obligations under the Credit Agreement are unsecured. The Credit Agreement contains customary representations and warranties, financial covenants, and other customary affirmative and negative covenants. The Credit Agreement also contains customary events of default.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 11, 2023
NATIONAL HEALTHCARE CORPORATION
By: /s/Josh A. McCreary
Name: Josh A. McCreary
Title: Senior Vice President, General Counsel, and Secretary