LTC Locks Rate on $40 Million Senior Unsecured Notes
June 14 2016 - 9:30AM
Business Wire
LTC Properties, Inc. (NYSE: LTC) announced today that it locked
rate under a private shelf agreement with an insurance company on
$40.0 million of senior unsecured notes with a coupon of
3.99%. The notes will have an average 10-year life, scheduled
principal payments and will mature in 2031. LTC anticipates selling
the notes on or about July 20, 2016.
LTC is a self-administered real estate investment trust that
primarily invests in senior housing and long-term care properties
through triple-net lease transactions, mortgage loans and other
investments. For more information on LTC Properties, Inc., visit
the Company’s website at www.LTCreit.com.
This press release includes statements that are not purely
historical and are “forward looking statements” within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding the Company’s expectations, beliefs,
intentions or strategies regarding the future. All statements other
than historical facts contained in this press release are forward
looking statements. These forward looking statements involve a
number of risks and uncertainties. All forward looking statements
included in this press release are based on information available
to the Company on the date hereof, and the Company assumes no
obligation to update such forward looking statements. Although the
Company’s management believes that the assumptions and expectations
reflected in such forward looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct. The actual results achieved by the Company may differ
materially from any forward looking statements due to the risks and
uncertainties of such statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20160614005387/en/
LTC Properties, Inc.Wendy L. SimpsonPam Kessler(805)
981-8655
LTC Properties (NYSE:LTC)
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