LTC Properties has increased commitments under its credit facility to $1.1 billion from $800 million through an amendment to its July 2025 credit agreement. The $300 million increase expands the aggregate revolving credit commitment to $900 million from $600 million, and the accordion feature is raised from up to $1.2 billion to up to $2.0 billion. The company also entered into three-year interest rate swap agreements to effectively fix rates on $150 million at 4.97% per annum. The bank group now includes new relationships with Manufacturers and Traders Trust Company and Hancock Whitney. Chief Financial Officer Cece Chikhale said the expansion strengthens financial flexibility and supports the company's external growth strategy.
LTC Properties IncLTC Properties increased its credit facility commitments to $1.1 billion, enhancing financial flexibility and supporting growth strategy.
Hancock Whitney Corp