Darden Spin-off Begins Trading on NYSE


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Four Corners’ existing portfolio consists primarily of Olive Garden locations.

MILL VALLEY, CA—Shares of Four Corners Property Trust, a REIT spun off by Darden Restaurants Inc., began trading Tuesday on the New York Stock Exchange. In connection with the spin-off, Four Corners has entered into a $750-million credit agreement with a group led byJPMorgan Chase as administrative agent.

Following the separation, which Orlando-based Darden first announced this past June, Four Corners has a 3.2-million-square-foot portfolio representing 424 Darden-branded restaurants across 44 states. About 2.5 million square feet of that portfolio is represented by Olive Garden locations, with the remainder comprised of LongHorn Steakhouse, Bahama Breeze, Seasons 52 and Wildfish Seafood Grille

Darden Spin-off Begins Trading on NYSE

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