secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0001104659-25-069313
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LTC Properties enters new $600M credit facility, ups capacity to $1.2B
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- New $600M unsecured revolving credit facility, expandable to $1.2B, matures July 21, 2029, with one-year extension option.
- As of July 21, 2025, $275.6M outstanding at SOFR + 110 bps; prior term loans repaid in full.
- Interest rate swaps fix $100M at 2.27% (through Nov 2025) and 2.41% (through Nov 2026).
- Lenders include KeyBank, Wells Fargo, Citizens, Huntington, RBC, and U.S. Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465925069313/0001104659-25-069313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465925069313/tm2521092d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-069313

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer