---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-062741"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2022-05-19T23:59:59+00:00"
generated_at: "2026-06-25T09:37:54.002219+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LTC Properties issues $75M senior unsecured notes at 3.66% to repay credit line

## Summary
- $75M senior unsecured notes at 3.66%, avg. life ~10 yrs, mature May 2033.
- Proceeds primarily used to pay down existing unsecured revolving credit line; $41M used for YTD investments initially funded by credit line.
- YTD invested ~$113M, sold assets with net gain ~$38M generating net proceeds ~$73M.
- Amended existing senior unsecured note agreements to conform with credit agreement covenants.
- CEO cites strengthening balance sheet by terming out variable-rate debt at an attractive fixed coupon.

## SEC filing metadata
- accession: 0001104659-22-062741
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2022-05-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000110465922062741/0001104659-22-062741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000110465922062741/tm2215752d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-062741
- JSON: https://secwatch.observer/filing/0001104659-22-062741.json
- Plain text: https://secwatch.observer/filing/0001104659-22-062741.txt

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