Fortress Net Lease REIT, a Maryland statutory trust, announced on September 29, 2026, that it has entered into a New Lender Joinder Agreement with Associated Bank, National Association. The agreement supplements the company’s existing Credit Agreement, dated August 13, 2024, which was previously administered by Bank of America, N.A.
Under the terms of the agreement, Associated Bank has become a party to the Credit Agreement and is recognized as a lender. Concurrently, the company has secured an increase in the aggregate principal amount of its credit facilities. The total credit facility size has been raised from $1.95 billion to $1.98 billion.
This increase is divided between two specific components: the revolving credit facility and the term loan facility. The revolving credit facility has been expanded from $1.585 billion to $1.6 billion. Additionally, the term loan facility has been increased from $365 million to $380 million. Bank of America, N.A., which serves as the administrative agent and sole letter of credit issuer, has acknowledged and consented to the addition of Associated Bank as a new lender.
