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Stock impact report

FCPT Announces Upsizing and Extension of Unsecured Credit Facility

Four Corners Property Trust, Inc. (FCPT) 
Last four corners property trust, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Business Wire
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that the Company entered into a Fourth Amended and Restated Revolving Credit and Term Loan Agreement with a group of existing lenders (the “Credit Agreement”). The Credit Agreement increases the overall size of the facility from $765 million to $940 million by increasing the revolving credit facility capacity to $350 million and entering into a new $225 million term loan (the “Term Loan”). Both the Term Loan and revolving credit facility mature in February 2029, which may be extended up to one-year at the Company’s discretion, subject to certain conditions. The Term Loan will be used, in part, to pay down $150 million of loans maturing in November 2025.Additionally, FCPT’s lenders agreed to provide a one-year extension o Show less Read more
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