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Get filing alertsFCPT upsizes credit facility to $1.15B, adds $400M term loan maturing 2031
Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read
Key Changes
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Entered $400M term loan maturing August 2031; drew $360M at close, remaining $40M by Q3/Q4 2026. Proceeds repay $190M of November 2026 and February 2027 maturities, with $210M incremental capital for investments and general corporate purposes.
Exhibit 99.1 view on EDGAR → -
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Improved credit spreads by 5-10 bps to SOFR+0.90% (term loans) and SOFR+0.85% (revolver), expected to save ~$450K annually across $800M of term loan tranches. All-in term loan rate ~4.5% at current SOFR of 3.6%.
Exhibit 99.1 view on EDGAR → -
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Extended existing $85M term loan tranche maturity to March 2028 with additional one-year extension option at company's discretion, subject to conditions.
Exhibit 99.1 view on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify