LTC Properties expands credit facility to $1.1 billion from $800 million
LTC Properties entered into a Second Amendment to its Credit Agreement on June 26, 2026, increasing aggregate lender commitments from $800 million to $1.1 billion, with revolving commitments rising from $600 million to $900 million. The company also entered into 3-year interest rate swaps to fix the rate on $150 million of borrowings at 4.97% per annum, giving it more borrowing capacity and a set rate on part of its debt.
Key points
- Aggregate lender commitments increased from $800 million to $1.1 billion on June 26, 2026, via the incremental facility.
- Revolving credit commitments rose by $300 million, from $600 million to $900 million.
- Maximum permitted total commitments were raised from up to $1.2 billion to up to $2.0 billion.
- 3-year interest rate swaps fix the rate on $150 million under the Credit Agreement at 4.97% per annum.
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 June 30, 2026.
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.