Fcpt Announces Recast And Extension Of $650 Million Unsecured Credit Facility
06/04/21, 8:13 PM
Location
mill valley
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today that the Company entered into a Second Amended and Restated Revolving Credit and Term Loan Agreement with a group of existing and new lenders which amended and extended FCPT’s existing $650 million credit facility. The Loan Agreement provides for a $250 million revolving credit facility maturing in November 2025, and a term loan facility of $400 million with laddered maturities from 2023 through 2026 as further described below. The recast extended the maturity of the revolving facility by four years and $250 million of the term loans by three years. Additionally, FCPT may elect to borrow, subject to the satisfaction of certain conditions, up to an additional $350 million under an accordion feature of the credit facility.
Company Info
Location
mill valley, california, united states
Additional Info
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.