secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001104659-21-141878
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465921141878/0001104659-21-141878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465921141878/tm2132475d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-141878

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