LTC PROPERTIES INC (LTC): debt financing — LTC Properties extends credit facility maturity to November 2026

LTC PROPERTIES INC

Amended credit agreement to accelerate extension option notice to Jan 4, 2024 and exercised extension to Nov 19, 2026.
No changes to interest rates, covenants, or borrowing capacity; terms unchanged.
Extension fee paid to lenders; no defaults occurred.
Facility originally dated Nov 19, 2021; lenders include Bank of Montreal, Citizens, KeyBank, Huntington, Wells Fargo.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LTC PROPERTIES INC amended credit facility maturing November 19, 2026.

Instrument: credit facility
Maturity: November 19, 2026
Event: amendment

Exact text from the filing

On January 4, 2024, LTC Properties, Inc. (“LTC”) announced that it had entered into a Second Amendment to Third Amended and Restated Credit Agreement (the “Credit Agreement”) to accelerate the one-year extension option notice date to January 4, 2024. Concurrently, LTC exercised its option to extend the maturity date of the Credit Agreement to November 19, 2026.

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

LTC PROPERTIES INC amended Second Amendment to Third Amended and Restated Credit Agreement (effective 2024-01-04).

Action: amendment
Agreement: credit facility
Effective: 2024-01-04

Exact text from the filing

On January 4, 2024, LTC Properties, Inc. (“LTC”) announced that it had entered into a Second Amendment to Third Amended and Restated Credit Agreement (the “Credit Agreement”) to accelerate the one-year extension option notice date to January 4, 2024.

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Source: SEC EDGAR

accession 0001558370-24-000076

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