LTC Properties Amends Credit Agreement, Increasing Total Commitment to $1.1 Billion

LTC Properties, Inc. has entered into a Second Amendment to its Credit Agreement, increasing the total lender commitment by $300 million from $800 million to $1.1 billion. This amendment primarily expands the company's revolving credit facility, providing increased financial flexibility.

Key Details

• Increased Facility Size: The total aggregate commitment from lenders was increased from $800 million to $1.1 billion. The revolving credit facility specifically was expanded by $300 million, from $600 million to $900 million.
• Future Capacity: The agreement's maximum permitted commitments were also raised from $1.2 billion to $2.0 billion, allowing for potential future expansion.
• Interest Rate Hedging: In connection with the amendment, LTC entered into 3-year interest rate swap agreements to fix the annual interest rate on $150 million of its borrowings at 4.97%.
• Effective Date: The amendment was executed on June 26, 2026, with KeyBank National Association serving as the Administrative Agent.