Fortress Net Lease REIT Files 8-K for Material Agreement

TL;DR

FNL inked a big deal, new debt/obligations incoming.

AI Summary

On November 20, 2025, Fortress Net Lease REIT entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits.

Why It Matters

This 8-K filing signals a significant new agreement and potential financial obligations 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 its obligations.

Key Players & Entities

• Fortress Net Lease REIT (company) — Registrant
• November 20, 2025 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation
• 1345 Avenue of the Americas (address) — Principal executive offices
• New York (location) — City of principal executive offices
• 10105 (zip_code) — Zip code of principal executive offices
• 212-798-6100 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $1,275,000,000 — he Credit Facilities was increased from $1,275,000,000 to $1,650,000,000 in the form of (i) an
• $1,650,000,000 — es was increased from $1,275,000,000 to $1,650,000,000 in the form of (i) an increase in the a
• $1,047,500,000 — s to the revolving credit facility from $1,047,500,000 to $1,347,500,000 (the "Revolving Credi
• $1,347,500,000 — credit facility from $1,047,500,000 to $1,347,500,000 (the "Revolving Credit Facility"), and
• $227,500,000 — principal amount of the term loan from $227,500,000 to $302,500,000 (the "Term Loan Facilit
• $302,500,000 — t of the term loan from $227,500,000 to $302,500,000 (the "Term Loan Facility" and, together
• $2,500,000,000 — l amount of the Credit Facilities up to $2,500,000,000, introduced a new multicurrency tranche

Filing Documents

• ef20059981_8k.htm (8-K) — 32KB
• ef20059981_ex10-1.htm (EX-10.1) — 1296KB
• 0001140361-25-043515.txt ( ) — 1712KB
• none-20251120.xsd (EX-101.SCH) — 4KB
• none-20251120_lab.xml (EX-101.LAB) — 20KB
• none-20251120_pre.xml (EX-101.PRE) — 15KB
• ef20059981_8k_htm.xml (XML) — 4KB

01

Item 1.01. Entry into a Material Definitive Agreement. On November 20, 2025, 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 Fourth Amendment to Credit Agreement and Incremental Facilities Confirmation (the "Fourth Amendment") with each lender party thereto, and Bank of America, N.A. ("BofA"), as administrative agent (the "Administrative Agent"), amending that certain Credit Agreement, initially dated August 13, 2024 and as most recently amended on July 25, 2025, among the Loan Parties, the lenders party thereto and the Administrative Agent. Pursuant to the Fourth Amendment, the aggregate principal amount of the Credit Facilities was increased from $1,275,000,000 to $1,650,000,000 in the form of (i) an increase in the aggregate commitments to the revolving credit facility from $1,047,500,000 to $1,347,500,000 (the "Revolving Credit Facility"), and (ii) an increase in the aggregate outstanding principal amount of the term loan from $227,500,000 to $302,500,000 (the "Term Loan Facility" and, together with the Revolving Credit Facility, the "Credit Facilities"). In addition, the Fourth Amendment expanded the accordion feature to permit future increases in the aggregate principal amount of the Credit Facilities up to $2,500,000,000, introduced a new multicurrency tranche (the "Multicurrency Tranche") under the Revolving Credit Facility to allow borrowings in certain alternative currencies (including Euro, British Pound Sterling and Canadian Dollar), and temporarily increased the borrowing base advance rate to 65% from 60% through March 31, 2026. The Credit Facilities are unsecured obligations of the Loan Parties. At the option of the Borrower, the Credit Facilities will bear interest at either (i) a rate equal to term secured overnight financing rate ("SOF

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report is incorporated by reference into this

Financial Statements and Exhibits

Financial Statements and Exhibits.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Fourth Amendment to Credit Agreement and Incremental Facilities Confirmation, dated November 20, 2025, by and among FNLR OP LP, as borrower, Fortress Net Lease REIT, as guarantor, the other guarantors party thereto, each lender party thereto, and Bank of America, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. Dated: November 26, 2025 Fortress Net Lease REIT By: /s/ Avraham Dreyfuss Name: Avraham Dreyfuss Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR