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Four Corners repays $80 million under credit facility
By Wendy Van Sickle
Columbus, Ohio, May 13 – Four Corners Property Trust, Inc. repaid $80 million of the borrowings outstanding under its credit facility on May 8, according to a press release.
The company said it reduced the amounts outstanding under the facility using proceeds from the sale of its $125 million of senior notes in a private placement.
As of Wednesday, Four Corners had $152 million of remaining availability under its revolver.
Based in in Mill Valley, Calif., Four Corners is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
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