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.
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