Fortress Net Lease Expands Credit Facilities to $1.8 Billion

The amended agreement also boosts exposure to retail branch tenants and brings in a new banking partner.

February 05, 2026

Increased Credit Capacity

Fortress Net Lease just stepped up its access to capital. On January 29, 2026, the company amended its credit agreement, increasing total borrowing capacity from $1.65 billion to $1.8 billion. The revised structure gives Fortress more financial flexibility as it continues to grow its portfolio.

The biggest shift came in the form of larger credit lines: the revolving credit facility now totals $1.475 billion, up from $1.35 billion, and the term loan facility grew from $302.5 million to $325 million. Both are designed to provide Fortress with the room it needs to move quickly—whether that means deploying capital or managing refinancing.

Updated Treatment of Retail Tenants

Another notable change: Fortress can now count more retail-focused properties toward its borrowing base. Previously capped at 15%, the new limit allows up to 30% of the base to come from net lease properties occupied by bank branches, credit unions, or other financial institutions. These are typically long-term tenants with stable cash flows—exactly the kind of profile that helps support predictable performance.

Fee Adjustments and Lender Expansion

The amendment also fine-tuned the fee structure. Lenders entitled to unused fees are now clearly defined, and the calculation of those fees has been updated to reflect the expanded commitments.

Fortress also added a new lender— Old National Bank —broadening its network of financing partners and spreading its exposure across more counterparties. Bank of America continues to serve as administrative agent.

Positioning for Flexibility

Altogether, these changes strengthen Fortress’s financial toolkit. With more flexibility and a refreshed lender group, the company is better equipped to handle market shifts, pursue opportunities, and maintain a steady operating rhythm as it moves through 2026.