NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (NASDAQ:NHPAP) (the "Company" or "NHP") announced that it has closed a $550 million senior unsecured credit facility ("Credit Facility"), comprised of a $400 million revolving credit facility and a $150 million term loan, maturing in December 2028.

The Credit Facility includes an "accordion feature" enabling NHP to increase the total borrowing capacity by up to an additional $450 million to $1 billion as well as two one-year extension options, all subject to certain conditions. Amounts outstanding under the Credit Facility bear interest at SOFR plus a margin between 1.55% to 2.10%, depending on the Company's leverage. NHP used borrowings under the Credit Facility to pay off its existing $330 million secured term loan maturing in December 2026 and expects to use future borrowings for acquisitions, working capital and general corporate purposes.

Michael Anderson, Chief Executive Officer and President, noted, "The new Credit Facility strengthens our balance sheet and liquidity position as we continue to execute on our long-term growth strategy. This is an important first step in establishing a more flexible and efficient capital structure while also extending our debt maturity profile. We appreciate the support and confidence that our lending ...