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LTC Properties Inc. Message Board

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  • ferdiefor ferdiefor Sep 29, 2000 1:04 PM Flag

    Press Release

    The question is whether the banks have taken more
    security in assets to be sold so that they can get most if
    not all the proceeds from these asset sales to
    paydown their debt.

    If the asset sales proceeds
    cannot be reinvstd which I think was one of the issues
    stopping up the credit facility then LTC can not grow. It
    stands still.

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    • << If the asset sales proceeds cannot be
      reinvstd which I think was one of the issues stopping up
      the credit facility then LTC can not grow. It stands
      still. >>

      I think it shrinks. The proceeds
      will pay down the bank facility according to an agreed
      schedule.

      That's why the impact on common NAV and FFO is difficult
      to predict.

 
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