NHC Announces Renewal of $75 Million Credit Line
Posted by Gerald Coggin on October 23, 2013
For release: October 23, 2013
Contact: Gerald Coggin, Sr. V.P. Corporate Relations
Phone: (615) 890-2020
Murfreesboro, Tennessee – National HealthCare Corporation (NYSE MKT: NHC, NHC.PRA), one of the nation’s leading operators of long-term health care and assisted living facilities, announced today that it has renewed its one year $75 million line of credit with Bank of America.
Robert Adams, CEO, stated: “We are pleased to complete our 6th amendment to our Credit Agreement with Bank of America. The continued financial flexibility provided by this renewed credit line adds further momentum to our strategy of expanding our continuum of post-acute care services in our key Integrated Care Markets including assisted living, skilled nursing, homecare and hospice.”