---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-013979"
form_type: "8-K"
ticker: null
cik: "0001966394"
company_name: "Fortress Net Lease REIT"
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T15:04:47.807961+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Fortress Net Lease REIT upsizes credit facilities to $1.075B, incremental cap raised to $1.5B

## Summary
- Total credit facilities increased from $900M to $1.075B: revolver from $755M to $892.5M, term loan from $145M to $182.5M.
- Maximum incremental facility capacity raised from $1B to $1.5B, per Second Amendment dated April 11, 2025.
- Lenders include Bank of America (admin agent), Capital One, KeyBank, Wells Fargo, Truist, and Huntington National Bank.
- Borrower FNLR OP LP; guarantors include Fortress Net Lease REIT and 33 subsidiary LLCs.

## SEC filing metadata
- accession: 0001140361-25-013979
- form_type: 8-K
- cik: 0001966394
- company_name: Fortress Net Lease REIT
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966394/000114036125013979/0001140361-25-013979-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966394/000114036125013979/ef20047431_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-013979
- JSON: https://secwatch.observer/filing/0001140361-25-013979.json
- Plain text: https://secwatch.observer/filing/0001140361-25-013979.txt

## Key facts
- Debt Financings
  Fortress Net Lease REIT incurred term loan of $182.5 million with Bank of America, N.A., as administrative agent.
  - Instrument: term loan
  - Principal: $182.5 million
  - Counterparty: Bank of America, N.A., as administrative agent
  - Event: incurrence
  source text: aggregate outstanding principal amount of the term loan from $145.0 million to $182.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1966394/000114036125013979/0001140361-25-013979-index.htm
- Debt Financings
  Fortress Net Lease REIT incurred revolving credit of $892.5 million with Bank of America, N.A., as administrative agent.
  - Instrument: revolving credit
  - Principal: $892.5 million
  - Counterparty: Bank of America, N.A., as administrative agent
  - Event: incurrence
  source text: aggregate commitments to the revolving credit facility from $755.0 million to $892.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1966394/000114036125013979/0001140361-25-013979-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.