LTC Properties enters $500M credit facility; maturities extended to 2025/2026

LTC PROPERTIES INC

New $500M unsecured credit facility: $400M revolver + two $50M term loans.
Revolver matures Nov 19, 2025, with one-year extension option; term loans mature Nov 19, 2025 and 2026.
At closing, $59M revolver and $100M term loans outstanding; pricing at LIBOR+115bps, 20bps facility fee.
Interest rate swaps fix term loan rates at 2.56% and 2.69% for their respective terms.
Facility includes sustainability-linked margin adjustments tied to ESG metrics.

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