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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