FCPT upsizes unsecured credit facility to $940M, extends maturities into 2029

Four Corners Property Trust, Inc.

Total facility increased from $765M to $940M: $350M revolver + $590M term loans.
New $225M term loan matures Feb 2029; $150M of loans due Nov 2025 paid down.
$75M incremental proceeds at close; interest rate swaps fix reference rate at 3.6%.
No debt maturities for nearly two years; extension options on revolver and certain term loans.
Joint bookrunners: JPMorgan and BofA; effective interest rate on new term loan is 4.6%.

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