---
schema_version: "secwatch.filing_event.v1"
accession: "0001650132-24-000051"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:41:23.759690+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FCPT closes $85M term loan to refinance near-term debt and fund acquisitions

## Summary
- $85M term loan matures March 2027; one-year extension available.
- Proceeds repay $50M private notes due June 2024, plus acquisitions and general purposes.
- Interest rate swapped to fixed reference rate 3.94%; effective rate 4.89% including 0.95% margin.
- Existing $350M accordion reduced to $265M remaining capacity after this draw.

## SEC filing metadata
- accession: 0001650132-24-000051
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000165013224000051/0001650132-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000165013224000051/fcpt-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650132-24-000051
- JSON: https://secwatch.observer/filing/0001650132-24-000051.json
- Plain text: https://secwatch.observer/filing/0001650132-24-000051.txt

## Key facts
- Debt Financings
  Four Corners Property Trust, Inc. incurred term loan of $85 million with Barclays Bank PLC, J.P. Morgan Chase Bank, N.A., The Huntington National Bank, Mizuho Bank, Ltd, Raymond James Bank, Truist Bank, and Wells Fargo Bank, N.A. at effective interest rate on the Term Loan is 4.89% maturing March 2027.
  - Instrument: term loan
  - Principal: $85 million
  - Counterparty: Barclays Bank PLC, J.P. Morgan Chase Bank, N.A., The Huntington National Bank, Mizuho Bank, Ltd, Raymond James Bank, Truist Bank, and Wells Fargo Bank, N.A.
  - Rate: effective interest rate on the Term Loan is 4.89%
  - Maturity: March 2027
  - Event: incurrence
  source text: The Company utilized the accordion feature of the Credit Agreement to enter into a new $85 million term loan (the “Term Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650132/000165013224000051/0001650132-24-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.