LTC Properties Inc. Enters Material Definitive Agreement

TL;DR

LTC Properties Inc. just signed a big deal creating a new financial obligation. Details TBD.

AI Summary

On December 15, 2025, LTC Properties Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, a real estate investment trust, filed an 8-K report detailing this obligation. The filing does not specify the exact nature or amount of the financial obligation.

Why It Matters

This filing indicates a new financial commitment or obligation for LTC Properties Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation, without immediate details on its terms or impact, introduces a degree of uncertainty for investors.

Key Players & Entities

• LTC Properties Inc. (company) — Registrant
• December 15, 2025 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation
• 3011 Townsgate Road, Suite 220 (address) — Principal executive offices
• Westlake Village, CA 91361 (address) — Principal executive offices

FAQ

Key Financial Figures

• $600 million — lenders under the Credit Agreement from $600 million to $800 million by exercising the incre
• $800 million — e Credit Agreement from $600 million to $800 million by exercising the incremental facility
• $50 million — the Credit Agreement and establishing a $50 million three-year term loan, $55 million four-
• $55 million — ing a $50 million three-year term loan, $55 million four-year term loan, $55 million five-y
• $40 million — n, $55 million five-year term loan, and $40 million seven-year term loan (collectively, the

Filing Documents

• tm2533333d1_8k.htm (8-K) — 28KB
• tm2533333d1_ex10-1.htm (EX-10.1) — 789KB
• 0001104659-25-121150.txt ( ) — 1144KB
• ltc-20251215.xsd (EX-101.SCH) — 3KB
• ltc-20251215_lab.xml (EX-101.LAB) — 33KB
• ltc-20251215_pre.xml (EX-101.PRE) — 22KB
• tm2533333d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. On December 12, 2025, LTC Properties, Inc. ("LTC") entered into a First Amendment (the "Amendment") to its Credit Agreement dated July 21, 2025 (the "Credit Agreement") with KeyBank National Association, as Administrative Agent and L/C Issuer, and KeyBank National Association, Wells Fargo Bank, National Association, Citizens Bank, N.A., The Huntington National Bank, Royal Bank of Canada and U.S. Bank National Association, as Lenders. In addition, KeyBanc Capital Markets, Inc., Wells Fargo Securities, LLC and Citizens Securities, Inc., as Joint Lead Arrangers and Joint Book Runners, Wells Fargo Bank, National Association and Citizens Bank, N.A. are serving as Co-Syndication Agents, The Huntington National Bank, is serving as Documentation Agent, and Royal Bank of Canada, is serving as Sustainability Agent. The Amendment increases the aggregate commitment of the lenders under the Credit Agreement from $600 million to $800 million by exercising the incremental facility in accordance with the terms of the Credit Agreement and establishing a $50 million three-year term loan, $55 million four-year term loan, $55 million five-year term loan, and $40 million seven-year term loan (collectively, the "Term Loans"), maturing in 2028, 2029, 2030 and 2032, respectively. The material terms of the Credit Agreement otherwise remain unchanged. A copy of the Amendment is filed as Exhibit 10.1 hereto and is hereby incorporated by reference. The above summary of the Amendment is qualified in its entirety by reference to such filed exhibit. In connection with entering into the Amendment, LTC entered into interest rate swap agreements to effectively fix the interest rate on the 2028, 2029, 2030 and 2032 Term Loans at 4.61%, 4.65%, 4.70% and 5.22% per annum, respectively, based on the Credit Agreement's stated applicable margins.

03 Creation of a Direct Financial Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 is hereby incorporated by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) Financial Statements of Business Acquired. None. (b) Pro Forma Financial Information None. (d) Exhibits. 10.1 First Amendment to Credit Agreement, entered into as of December 12, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. LTC PROPERTIES, INC. Dated: December 15, 2025 By: /s/ CAROLINE CHIKHALE Caroline Chikhale Executive Vice President, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR