secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001650132-24-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013224000051/0001650132-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013224000051/fcpt-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001650132-24-000051

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