LTC Properties has secured a $210 million unsecured credit agreement. The real estate investment trust’s loan has the option to increase the credit amount up to a total of $250 million.
The participants in the credit agreement were Bank of Montreal, BMO Capital Markets, Key Bank National Association, RBC, and Raymond James Bank, including others. The loan provides a revolving line of credit with a maturity date of April 18, 2015.
Click here for the release from Business Wire.