other material
confidence high
sentiment neutral
materiality 0.60
Four Corners Property Trust enters $450M at-the-market equity distribution program with 11 banks
Four Corners Property Trust, Inc.
- Equity distribution agreement allows sale of up to $450M of common stock via agents or forward sale agreements.
- Net proceeds contributed to operating partnership for general corporate purposes.
- Prior $450M ATM agreement dated Feb 2021 terminated alongside new program.
- Managers include Morgan Stanley, Barclays, BofA, Goldman, J.P. Morgan, and others.