---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-141878"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2021-11-19T23:59:59+00:00"
generated_at: "2026-06-28T06:47:01.318469+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-141878
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2021-11-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000110465921141878/0001104659-21-141878-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000110465921141878/tm2132475d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-141878
- JSON: https://secwatch.observer/filing/0001104659-21-141878.json
- Plain text: https://secwatch.observer/filing/0001104659-21-141878.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.