Four Corners Property Trust upsizes unsecured credit facility to $1.15 billion with new $400 million term loan

Reuters2026/07/28 20:30

By:Reuters

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FCPT entered a fifth amended and restated revolving credit and term loan agreement, lifting total unsecured facility size to USD 1.15 billion from USD 940 million.
Added a new senior unsecured USD 400 million term loan maturing August 2031; USD 360 million drawn at close.
Proceeds earmarked to repay USD 190 million of loans due November 2026 and February 2027; USD 210 million for investments and general corporate purposes.
Pricing tightened to SOFR + 0.9% on term loans, SOFR + 0.85% on revolver; all-in term-loan rate about 4.5% at current SOFR.
Extended an existing USD 85 million term loan tranche to March 2028, with a one-year extension option; revolver availability cited at USD 350 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FCPT - Four Corners Property Trust Inc. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Four Corners Property Trust upsizes unsecured credit facility to $1.15 billion with new $400 million term loan

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