10:40 AM EST, 01/31/2025 (MT Newswires) -- Four Corners Property Trust ( FCPT ) said Friday it has upsized and extended its revolving credit and term loan facilities, increasing the overall size of the facility to $940 million from $765 million and extending maturities until February 2029.

The changes include a new $225 term loan and an increase in the revolving credit facility capacity to $350 million, the company said.

Lenders also agreed to provide a one-year extension option for the $100 million in term loans that mature in November 2026, the company said.

Pricing and maturities for the $90 million term loan maturing in 2027, the $85 million term loan maturing in 2027, and the $90 million loan maturing in 2028 were not affected by the extension, the real estate investment trust said.

Price: 27.65, Change: -0.02, Percent Change: -0.07