debt
confidence high
sentiment neutral
materiality 0.60
Fortress Net Lease REIT increases credit facilities by $200M to $1.275B
Fortress Net Lease REIT
- Credit facilities increased from $1.075B to $1.275B under Third Amendment.
- Revolving credit commitments up from $892.5M to $1.0475B, including $25M for LCs.
- Term loan principal increased from $182.5M to $227.5M.
- Borrowing base can now include First Mortgage Investments subject to conditions.
item 1.01item 2.03