Fortress Private Lending Fund: debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Fortress Private Lending Fund incurred revolving credit of $400,000,000 with The Bank of Nova Scotia at Daily Simple RFR, Term SOFR or Alternate Base Rate plus an applicable margin maturing August 5, 2030.

Instrument: revolving credit
Principal: $400,000,000
Counterparty: The Bank of Nova Scotia
Rate: Daily Simple RFR, Term SOFR or Alternate Base Rate plus an applicable margin
Maturity: August 5, 2030
Event: incurrence

Exact text from the filing

Scotia Credit Agreement provides for a $400,000,000 senior secured revolving credit facility

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Source: SEC EDGAR

accession 0001140361-25-029879

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