LTC Properties, Inc. (NYSE:LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, announced today that it has increased commitments under its credit facility to $800 million, with $200 million aggregate in term loans.
Credit Facility
LTC entered into an amendment to its July 21, 2025 Credit Agreement (the “Agreement”) to increase the aggregate commitment of its lenders by $200 million to a total of $800 million, through the exercise of the Agreement’s accordion feature.
Term Loans
LTC established term loans totaling $200 million, and entered into interest rate swap agreements to effectively fix the interest rates on the loans as follows:
- $50 million three-year loan maturing in 2028 at an effective interest rate of 4.61% per year.
- $55 million four-year loan maturing in 2029 at an effective interest rate of 4.65% per year.
- $55 million five-year loan maturing in 2030 at an effective interest rate of 4.70% per year.
- $40 million seven-year loan maturing in 2032 at an effective interest rate of 5.22% per year.
The material terms of the Agreement otherwise remain unchanged.
“Strengthening our capital structure provides LTC with an enhanced ability to successfully execute on our external growth initiatives,” said Cece Chikhale, LTC’s Chief Financial Officer. “We made tremendous progress elevating our SHOP portfolio in 2025, and we are focused on driving even more growth throughout 2026.”
LTC provided additional information about these transactions, including the network of bank participants, in Form 8-K as filed with the Securities and Exchange Commission on December 15, 2025.
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