Fortress Private Lending Fund, a Delaware statutory trust, filed a Current Report on Form 8-K dated September 18, 2026, disclosing material changes to its credit facility and portfolio performance metrics.
The registrant entered into a First Amendment to its Senior Secured Revolving Credit Agreement on September 17, 2026. The amendment, executed with The Bank of Nova Scotia as administrative agent, modifies the existing credit facility. Key changes include extending the revolver availability period from August 2029 to September 2030 and extending the scheduled maturity date from August 2030 to September 2031. Additionally, the maximum principal amount of the facility was increased from $400 million to $500 million, and the accordion provision was expanded to permit increases to a total facility amount of up to $1 billion.
In other business developments, the Company reported the sale of Class I common shares during September 2026. The aggregate consideration for the sale was $25.8 million, with the number of shares finalized on September 18, 2026. As of that date, the Company reported a Net Asset Value (NAV) per Class I share of $24.1947.
Regarding its investment portfolio, as of August 31, 2026, the Company reported an aggregate NAV of approximately $1.1 billion. The fair value of its portfolio investments was approximately $2.0 billion, distributed across 92 portfolio companies and 21 industries. The portfolio consisted of approximately 98.2% first lien and 99.9% floating rate debt investments. Directly originated debt investments had a median EBITDA of $86.4 million, a weighted average net loan-to-value of 45.6%, and an interest coverage ratio of 2.8x. The weighted average yield on these investments was 10.1%.
The Company declared a distribution for the monthly earnings period of September 2026 in the amount of $0.1834 per Class I share. This distribution is payable to shareholders of record as of September 30, 2026, with payment expected on or about October 22, 2026.
