LTC Enhances Capital Structure by Increasing Commitments Under Its Credit Facility to $1.1 Billion
LTC Properties increased its credit facility commitments to $1.1 billion from $800 million, adding $300 million in total capacity through an accordion feature. The amendment raises the revolving credit commitment to $900 million and expands the accordion feature to $2.0 billion, while adding Manufacturers and Traders Trust Company and Hancock Whitney as lenders.
Key figures
- Facility increase
- 300000000
- Revolving commitment
- 900000000
- Interest rate swap rate
- 4.97%
- Accordion capacity limit
- 2000000000
- Interest rate swap amount
- 150000000
- Total facility commitment
- 1100000000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.