LTC Properties to Sell $30 Million in Bonds
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LTC Properties Inc., a self-administered real estate trust based in Oxnard, said it will sell $30 million of 8.5% debentures due Jan. 1, 2000. The bonds are convertible into shares of common stock of the company at $15 per share.
The company, which invests in nursing homes and other health-care related facilities, said it will use the proceeds to repay borrowings.
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