LTC Properties amends credit agreement, raising commitments to $800 million from $600 million
On December 12, 2025, LTC Properties entered into a First Amendment to its Credit Agreement, increasing lender commitments from $600 million to $800 million and adding four term loans totaling $200 million. LTC also entered into interest rate swaps to fix the rates on those term loans, which adds a larger committed debt facility with set borrowing costs for the company.
Key points
- Aggregate lender commitments increase from $600 million to $800 million under the Credit Agreement.
- Four new term loans total $200 million: $50 million due 2028, $55 million due 2029, $55 million due 2030 and $40 million due 2032.
- Interest rate swaps fix rates on the 2028, 2029, 2030 and 2032 term loans at 4.61%, 4.65%, 4.70% and 5.22% per annum, respectively.
- Other material terms of the Credit Agreement remain unchanged, according to the filing.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing 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 December 15, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.