debt
confidence high
sentiment neutral
materiality 0.60
Fortress Private Lending Fund enters $400M senior secured revolver with Scotia Bank
Fortress Private Lending Fund
- $400M revolving credit facility with $50M swingline and $30M LC sublimits; accordion feature up to $800M.
- Matures August 5, 2030; availability period ends August 3, 2029; interest based on SOFR/ABR plus 0.975%-2.100% margin.
- Unused commitment fee of 0.325% per annum on average daily undrawn amounts.
- Proceeds to be used for general corporate purposes, including funding portfolio investments.
- Facility secured by first-priority lien on substantially all assets of the borrower and subsidiary guarantors.
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