Monitor for deployment of incremental borrowing capacity—potential for acquisition activity or debt refinancing. Fixed-rate swap provides interest cost visibility on $150M.
Price Chart
Executive Summary
LTC Properties expanded its credit facility via a Second Amendment, increasing total lender commitments from $800M to $1.1B and revolving credit commitments from $600M to $900M. The company also entered into 3-year interest rate swaps fixing the rate on $150M at 4.97%.
Key Financial Metrics
Key Facts
- Aggregate commitments increased from $800M to $1.1B
- Revolving credit commitments increased from $600M to $900M
- Maximum total commitments raised from $1.2B to $2.0B
- Entered 3-year interest rate swap on $150M at 4.97% per annum
Financial Impact
Increases available liquidity by $300M, with additional capacity for future growth up to $2.0B
Risk Factors
- Increased debt capacity could lead to higher leverage if fully drawn
- Swap locks in rate, limiting benefit if rates decline
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-079383 |
| Document: tm2619372d1_8k.htm | 0001104659-26-079383 |
| Document: 0001104659-26-079383-index-headers.html | 0001104659-26-079383 |
| Document: 0001104659-26-079383-index.html | 0001104659-26-079383 |
| Document: 0001104659-26-079383.txt | 0001104659-26-079383 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 4w ago | 8-K | $42.94 | awaiting T+60 | — | $43.96 (+2.38%) |
Jun 30, 2026 16w ago | 8-K | $38.85 $43.36 | ▲ +11.61% | ▲ +8.74% | $43.96 (+13.15%) |
Apr 8, 2026 28w ago | DEFA14A | $39.36 $38.77 | ▼ −1.49% | ▼ −12.27% | $43.96 (+11.70%) |
Feb 24, 2026 34w ago | 8-K | $39.20 $39.00 | ▼ −0.51% | ▼ −7.46% | $43.96 (+12.14%) |
US Market Status
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