LTC Properties, Inc. (LTC) said Monday that it entered into a private placement of 12-year senior unsecured notes in the aggregate amount of $85.8 million to a group of institutional investors.
The Notes bear interest at 5.03%, mature on July 19, 2024 and have scheduled annual principal pay downs of about $17.2 million in years 8 through 12.
The company said it has used a portion of the proceeds to pay down its unsecured revolving line of credit and expects to use the remaining proceeds for general corporate purposes including acquisitions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.