FCPT upsizes unsecured credit facility to $680M, adds 2027/2028 term loans

Four Corners Property Trust, Inc.

Total facility size increased from $650M to $680M; added $90M term loan maturing 2027 and $90M term loan maturing 2028.
Existing $250M revolver and $150M term loan maturing 2025, $100M term loan maturing 2026 unchanged.
Proceeds from new term loans fund investments and general corporate purposes; converted from LIBOR to SOFR-based borrowings.
FCPT entered interest rate swaps hedging 52% to 76% of term loan exposure through 2028; all-in hedged rates range 1.92% to 2.83%.

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