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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.