secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000950170-25-011449
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000095017025011449/0000950170-25-011449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000095017025011449/fcpt-20250131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-011449

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer