Four Corners enters into $400 million term loan, $350 million revolver

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Four Corners Property Trust, Inc. entered into a $750 million credit agreement in connection with its spin-off from Darden Restaurants, Inc., according to a press release.

The credit agreement consists of a $400 million five-year term loan facility and a $350 million four-year revolving credit facility.

The credit agreement includes an accordion feature so that the company may increase credit facilities up to $1 billion total.

Four Corners is a Mill Valley, Calif.-based company that acquires and leases restaurant locations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.