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Ltc Announces $75 Million Private Placement Debt Financing At 3.66%

May 18, 2022•about 3 years ago

Amount Raised

$75 Million

Westlake Village

Description

LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced that it entered into a Note Purchase Agreement to issue $75 million aggregate principal amount of 3.66% senior unsecured notes (the “Notes”). The Notes have an average 10-year life, scheduled principal payments and will mature on May 17, 2033.

Company Information

Company

Ltc Properties

Location

Westlake Village, California, United States

About

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 177 properties in 27 states with 32 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at www.LTCreit.com.

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