LTC Properties enters new $600 million unsecured credit agreement, refinancing prior facility
LTC Properties entered a new unsecured Credit Agreement on July 21, 2025, to refinance its prior credit agreement from November 19, 2021, with a $600.0 million initial revolving commitment and a maturity of July 21, 2029. The company had $275.6 million outstanding under the new facility as of that date, and the prior term loans were repaid in full.
Key points
- Initial revolving commitments of $600.0 million; accordion allows up to $1.2 billion total commitment including a $600.0 million increase or new term loan
- Matures July 21, 2029, with a one-year extension option for the revolver at LTC's discretion
- $275.6 million outstanding at a variable rate of SOFR plus 110 basis points; $100.0 million of borrowings fixed via swaps at 2.27% and 2.41%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.