Fortress Private Lending Fund 8-K

What Happened

• Fortress Private Lending Fund filed an 8-K (dated June 23, 2026) disclosing Amendment No. 3 to the Scotiabank ABL Credit Agreement, executed June 17, 2026. The amendment modifies the revolving and term loan credit facility used by subsidiaries FPLF NS Holdings Finance LLC (borrower) and FPLF NS Holdings Finance DAC (subsidiary guarantor).
• The amendment is among the borrower and subsidiary guarantor, The Bank of Nova Scotia (Scotiabank) as administrative agent and initial lender, U.S. Bank Trust Company as collateral agent, and U.S. Bank National Association as custodian.

Key Details

• Commitments increased from $600,000,000 to $950,000,000 (an increase of $350,000,000).
• The Applicable Margin was changed to a fixed rate: 1.85% per annum through the end of the Reinvestment Period, and 2.35% per annum thereafter (replacing a prior margin toggle).
• The filing notes the amendment creates a direct financial obligation for the company’s loan parties; Amendment No. 3 is attached as Exhibit 10.1 to the 8-K.

Why It Matters

• The larger Scotiabank ABL Facility increases the company’s available borrowing capacity and liquidity (now up to $950M), which can support funding needs for the firm’s lending operations or portfolio activity.
• The switch to a fixed Applicable Margin clarifies future interest costs: investors can expect interest pricing of 1.85% while in the Reinvestment Period and 2.35% thereafter, rather than a variable margin structure.
• Because this is a secured credit facility with a collateral agent, it represents a material financing relationship and a direct obligation of the borrower entities disclosed under Item 2.03; investors should consider its effect on the company’s leverage and funding flexibility.