Fortress Net Lease REIT Enters Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | Fortress Net Lease Reit |
| Form Type | 8-K |
| Filed Date | Sep 25, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $347,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, real-estate
TL;DR
FNL just signed a big deal, creating a new financial obligation. Details in the 8-K.
AI Summary
On September 19, 2025, Fortress Net Lease REIT entered into a material definitive agreement, creating a direct financial obligation. The filing, submitted on September 25, 2025, details this obligation and includes financial statements and exhibits related to the agreement.
Why It Matters
This filing indicates a significant new financial commitment or transaction for Fortress Net Lease REIT, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.
Key Numbers
- 000-56632 — SEC File Number (Identifies the specific SEC filing for Fortress Net Lease REIT.)
- 92-1937121 — IRS Employer Identification No. (Tax identification number for Fortress Net Lease REIT.)
Key Players & Entities
- Fortress Net Lease REIT (company) — Registrant
- September 19, 2025 (date) — Date of earliest event reported
- September 25, 2025 (date) — Date of report
- 1345 Avenue of the Americas, New York, New York 10105 (address) — Principal Executive Offices
FAQ
What type of material definitive agreement did Fortress Net Lease REIT enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific nature of the agreement is not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 19, 2025.
What is the principal executive office address for Fortress Net Lease REIT?
The principal executive office is located at 1345 Avenue of the Americas, New York, New York 10105.
What is the SEC file number for Fortress Net Lease REIT?
The SEC file number for Fortress Net Lease REIT is 000-56632.
What is the IRS Employer Identification Number for Fortress Net Lease REIT?
The IRS Employer Identification Number for Fortress Net Lease REIT is 92-1937121.
Filing Stats: 1,145 words · 5 min read · ~4 pages · Grade level 13.4 · Accepted 2025-09-25 14:08:07
Key Financial Figures
- $347,500,000 — ggregate principal amount not to exceed $347,500,000 (the " Subsidiary Loan "). Subject to t
Filing Documents
- ck0001966394-20250919.htm (8-K) — 64KB
- ck0001966394-ex10_1.htm (EX-10.1) — 1128KB
- ck0001966394-ex10_2.htm (EX-10.2) — 228KB
- ck0001966394-ex10_3.htm (EX-10.3) — 30KB
- img246685062_0.jpg (GRAPHIC) — 27KB
- img246685062_1.jpg (GRAPHIC) — 14KB
- 0001193125-25-217182.txt ( ) — 1811KB
- ck0001966394-20250919.xsd (EX-101.SCH) — 23KB
- ck0001966394-20250919_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. Subsidiary Loan Agreement and Carveout Guaranty On September 19, 2025, FNLR Logistics LLC, a Delaware limited liability company (" Borrower 1 ") and FNLR Grocery LLC, a Delaware limited liability company (" Borrower 2 " and Borrower 1 and Borrower 2 are, individually and/or collectively (as the context requires) referred to herein as " Borrower "), each an indirect, wholly-owned subsidiary of Fortress Net Lease REIT (the " Company "), entered into a Loan Agreement (the " Subsidiary Loan Agreement ") with Bank of America, N.A., as administrative agent (in such capacity, the " Administrative Agent "), and the lenders from time to time party thereto. Pursuant to the Subsidiary Loan Agreement, the lenders agreed to make loans available to Borrower on an uncommitted basis in an aggregate principal amount not to exceed $347,500,000 (the " Subsidiary Loan "). Subject to the terms and conditions of the Subsidiary Loan Agreement, all amounts outstanding under the Subsidiary Loan Agreement will be due and payable in full on September 19, 2028 subject to two (2) extension options of one (1) year each, which if exercised would expire on September 19, 2030, or such earlier date upon which the Subsidiary Loan Agreement shall terminate in accordance with the provisions thereof. Capitalized terms used herein and not otherwise defined herein shall have the meaning attributed to such terms in the Subsidiary Loan Agreement. The obligations of Borrower under the Subsidiary Loan Agreement are secured by substantially all of the assets of each Borrower, in each case subject to certain exclusions set forth in the Subsidiary Loan Agreement and the other Loan Documents. Further, the Subsidiary Loan will bear interest at the lesser of (i) a rate equal to Monthly SOFR, plus one hundred seventy basis points (1.70%) per annum and (ii) the maximum non-usurious interest rate. The Subsidiary Loan is prepayable, in whole or in part, at an
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Loan Agreement, dated September 19, 2025, by and among FNLR Logistics LLC and FNLR Grocery LLC, each as a borrower and Bank of America, N.A., as administrative agent. 10.2 Guaranty Agreement, dated September 19, 2025, made by FNLR OP LP, as guarantor, in favor of Bank of America, N.A. on behalf of each of the Lenders party to the Loan Agreement. 10.3 Promissory Note, dated September 19, 2025, by FNLR Logistics LLC and FNLR Grocery LLC, each as a borrower. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Fortress Net Lease REIT Dated: September 25, 2025 By: /s/ Avraham Dreyfuss Name: Avraham Dreyfuss Title: Chief Financial Officer