LTC Properties increases credit facility to $800M, adds term loans through 2032

LTC PROPERTIES INC

Aggregate commitment increased from $600M to $800M via incremental facility and new term loans.
Term loans: $50M due 2028, $55M due 2029, $55M due 2030, $40M due 2032.
Interest rate swaps fix rates at 4.61% (2028), 4.65% (2029), 4.70% (2030), 5.22% (2032).
Material terms of existing Credit Agreement (dated July 21, 2025) otherwise unchanged.
Lenders include KeyBank, Wells Fargo, Citizens, Huntington, RBC, U.S. Bank.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LTC PROPERTIES INC amended Amendment with KeyBank National Association valued at $600 million to $800 million (effective 2025-12-12).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association
Value: $600 million to $800 million
Effective: 2025-12-12

Exact text from the filing

On December 12, 2025, LTC Properties, Inc. (“LTC”) entered into a First Amendment (the “Amendment”) to its Credit Agreement dated July 21, 2025 (the “Credit Agreement”) with KeyBank National Association, as Administrative Agent and L/C Issuer, and KeyBank National Association, Wells Fargo Bank, National Association, Citizens Bank, N.A., The Huntington National Bank, Royal Bank of Canada and U.S. Bank National Association, as Lenders.

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Source: SEC EDGAR

accession 0001104659-25-121150

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