secwatch.observer — SEC 8-K summary
======================================

Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001193125-22-268495
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000119312522268495/0001193125-22-268495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000119312522268495/d408204d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-268495

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