secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001193125-23-160388
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT prices $100M senior unsecured notes at 6.44% with 10-year term; effective rate 5.63% after swap gain
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- $100M senior unsecured notes due July 12, 2033, priced at 6.44% fixed.
- Terminated interest rate swaps generated $8.1M gain, reducing yield to maturity to 5.39%.
- All-in effective interest rate after amortizing swap gain is 5.63%.
- Net proceeds to be used for general corporate purposes, including acquisitions.
- Weighted-average debt maturity extends to approximately 5.3 years (excluding credit facility).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000119312523160388/0001193125-23-160388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000119312523160388/d425816d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-160388

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