Four Corners Property Trust (FCPT) has provided an update.
Four Corners Property Trust has announced a strategic financial move by amending its existing credit and loan agreement to add an $85 million term loan facility, enhancing its borrowing capacity. This new tranche, with a maturity date of March 14, 2027, comes with flexible interest rate options and the possibility of a one-year extension under certain conditions. The amendment also allows the company to potentially increase its borrowing limit by an additional $265 million, offering greater financial agility in its operations. This proactive step highlights the company’s active management of its capital structure to support growth and operational needs.
Learn more about FCPT stock on TipRanks’ Stock Analysis page.
