LTC Properties Expands Credit Facility to $1.1B

LTC Properties, Inc. has amended its Credit Agreement, increasing the aggregate commitment from $800 million to $1.1 billion. This expansion includes an increase in revolving credit commitments from $600 million to $900 million, and the total maximum commitments permitted under the agreement have risen from $1.2 billion to $2.0 billion. Additionally, the company entered into 3-year interest rate swap agreements to fix the interest rate on $150 million of the credit facility at 4.97% per annum.