LTC Signs $90M Credit Agreement

LTC Properties Inc., Westlake Village, Calif., has announced the signing of a $90 million, three-year unsecured credit agreement.The company said the agreement provides a revolving line of credit at interest rates lower than those of its previous credit agreement. Bank of Montreal, Chicago Branch, is the administrative agent for the agreement, Harris Nesbitt Corp. is co-lead arranger and book manager, and Key Bank NA is co-lead arranger and syndication agent. LTC, a real estate investment trust that invests in long-term care and other health care facilities, can be found on the Web at http://www.ltcproperties.com.