---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-037361"
form_type: "8-K"
ticker: null
cik: "0001966394"
company_name: "Fortress Net Lease REIT"
filed_at: "2026-02-04T23:59:59+00:00"
generated_at: "2026-05-16T05:04:11.681603+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 increases credit facilities to $1.8B, adds Old National Bank

## Summary
- Aggregate principal raised from $1.65B to $1.8B via Fifth Amendment to Credit Agreement.
- Revolving credit facility increased from $1.3475B to $1.475B; term loan from $302.5M to $325M.
- Cap on Borrowing Base Value for retail-branch tenants raised from 15% to 30%.
- Old National Bank joined as a new lender alongside existing lenders.

## SEC filing metadata
- accession: 0001193125-26-037361
- form_type: 8-K
- cik: 0001966394
- company_name: Fortress Net Lease REIT
- filed_at: 2026-02-04T23:59:59+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/1966394/000119312526037361/0001193125-26-037361-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966394/000119312526037361/ck0001966394-20260129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-037361
- JSON: https://secwatch.observer/filing/0001193125-26-037361.json
- Plain text: https://secwatch.observer/filing/0001193125-26-037361.txt

## Key facts
- Debt Financings
  Fortress Net Lease REIT amended credit facility of $1,800,000,000 with Bank of America, N.A., as administrative agent, and the lenders party thereto.
  - Instrument: credit facility
  - Principal: $1,800,000,000
  - Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
  - Event: amendment
  source text: the aggregate principal amount of the Credit Facilities was increased from $1,650,000,000 to $1,800,000,000 in the form of (i) an increase in the aggregate commitments to the revolving credit facility from $1,347,500,000 to $1,475,000,000 (the “Revolving Credit Facility”), and (ii) an increase in the term loan facility from $302,500,000 to $325,000,000 (the “Term Loan Facility”; and together with the Revolving Credit Facility, collectively, the “Credit Facilities”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1966394/000119312526037361/0001193125-26-037361-index.htm
- Material Agreements
  Fortress Net Lease REIT amended Fifth Amendment to Credit Agreement with Bank of America, N.A. valued at increased from $1,650,000,000 to $1,800,000,000 (effective 2026-01-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: increased from $1,650,000,000 to $1,800,000,000
  - Effective: 2026-01-29
  source text: On January 29, 2026, FNLR OP LP, as borrower (the “Borrower”), Fortress Net Lease REIT, as guarantor (the “Company”), the other guarantors party thereto (together with the Company, the “Guarantors” and, collectively with the Borrower, the “Loan Parties”), entered into that certain Fifth Amendment to Credit Agreement (the “Fifth Amendment”) with each lender party thereto and Bank of America, N.A., as administrative agent (the “Administrative Agent”), amending that certain Credit Agreement, initially dated August 13, 2024 and as most recently amended on November 20, 2025 (and as amended by the Fifth Amendment, the “Credit Agreement”), among the Loan Parties, the lenders party thereto and the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1966394/000119312526037361/0001193125-26-037361-index.htm

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