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AI brief of an SEC Form 8-K · Four Corners Property Trust (FCPT)

FCPT closes $200 million seven-year term loan, with $50 million drawn at closing

Neutral Impact 3 of 5 financing Written later

Four Corners Property Trust (FCPT) entered into a $200 million senior unsecured delayed draw term loan facility on April 6, 2026, with $50 million funded at closing and the remaining $150 million expected to be drawn in late Q2 and early Q3 2026. The company said it will use the proceeds to fund property acquisitions and for general corporate purposes, and the loan matures April 6, 2033.

Key points

  • $200 million facility; $50 million funded at closing on April 6, 2026, with $150 million in delayed draw commitments remaining
  • Interest at SOFR plus 1.15% to 2.20%, or an alternate base rate option, with the margin set by the company's senior unsecured credit rating; company filings cite a 1.25% margin and an estimated all-in rate of 4.9%
  • Matures April 6, 2033; no amortization before maturity; prepayment fees of 2.00% before the first anniversary and 1.00% before the second
  • Financial covenants include total leverage not exceeding 60% and minimum fixed charge coverage of 1.50 to 1.00; the company's parent guaranty backs the loan

The filing

CompanyFour Corners Property Trust (FCPT)
Form8-K, current report
Filed with the SECApr 6, 2026, 6:53 PM ET
Accession number0001193125-26-144172

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.