LTC Amends Prudential Shelf Agreement Increasing Availability by $100 Million

LTC Properties, Inc. LTC announced today that it amended its note purchase and private shelf agreement with Prudential Investment Management, Inc. to provide for the issuance of up to an additional $100 million in senior unsecured promissory notes to Prudential and one or more of its affiliates and managed accounts. Any notes sold by the Company to Prudential under the three-year agreement will be in amounts at fixed interest rates and have final maturity dates subject to agreement by the Company and Prudential but not to exceed, from the date of issuance, a 10-year final maturity and an 8-year average life.