LTC Properties Inc. has announced a significant financial move with the refinancing of its prior credit agreement, resulting in a new unsecured Credit Agreement established on July 21, 2025. The new Credit Agreement, which replaces the Third Amended and Restated Credit Agreement from November 19, 2021, involves an initial revolving credit commitment of $600 million, with the potential to increase this to a total of $1.2 billion. As part of this refinancing, LTC has currently drawn $275.6 million under the new agreement at a variable interest rate pegged to SOFR plus 110 basis points. The term loans from the previous agreement have been fully repaid. Additionally, LTC has maintained interest rate swap agreements to fix the interest on $100 million of the new facility at rates between 2.27% and 2.41% per annum until late 2025 and 2026, respectively. This strategic financial restructuring aims to enhance LTC's financial flexibility and support its future growth initiatives.