Four Corners Property Trust (FCPT) said Friday it has upsized and extended its revolving credit and term loan facilities, increasing the overall size of the facility to $940 million from $765 million and extending maturities until February 2029.
The changes include a new $225 term loan and an increase in the revolving credit facility capacity to $350 million, the company said.
Lenders also agreed to provide a one-year extension option for the $100 million in term loans that mature in November 2026, the company said.
Pricing and maturities for the $90 million term loan maturing in 2027, the $85 million term loan maturing in 2027, and the $90 million loan maturing in 2028 were not affected by the extension, the real estate investment trust said.
Price: 27.65, Change: -0.02, Percent Change: -0.07
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