{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-129129","form_type":"8-K","ticker":"LTC","cik":"0000887905","company_name":"LTC PROPERTIES INC","filed_at":"2022-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.881633+00:00","generated_at":"2026-06-21T01:17:15.401088+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"LTC Properties amends credit agreement to replace LIBOR with SOFR plus 10 bps spread","bullets":["First Amendment dated Dec 19, 2022 replaces LIBOR with Term SOFR plus 10 bps credit spread adjustment.","All other material terms of the Third Amended and Restated Credit Agreement remain unchanged.","Fixed interest rate swap agreements were concurrently amended to reference SOFR.","Amendment involves $100M in term loan commitments (2025 and 2026 tranches each $50M) and a revolving facility.","Standard benchmark transition; no change to total borrowing capacity or financial covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-129129","json":"https://secwatch.observer/filing/0001104659-22-129129.json","markdown":"https://secwatch.observer/filing/0001104659-22-129129.md","text":"https://secwatch.observer/filing/0001104659-22-129129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887905/000110465922129129/0001104659-22-129129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887905/000110465922129129/tm2232533d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T01:17:15.401088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ee615b422696470e800e2954025b355c843358ae","claim":"LTC PROPERTIES INC amended First Amendment with the participating banks thereto (effective 2022-12-19).","evidence_excerpt":"On December 19, 2022, LTC Properties, Inc. (“LTC”) entered into the First Amendment (the “Amendment”) to the Third Amended and Restated Credit Agreement dated November 19, 2021 (the “Credit Agreement”) with the participating banks thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887905/000110465922129129/0001104659-22-129129-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the participating banks thereto"},{"label":"Effective","value":"2022-12-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}