WESTLAKE VILLAGE, Calif.--(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 l
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