Fortress Private Lending lifts Scotia revolver to $500M, extends to 2031

Fortress Private Lending Fund said that on September 17, 2026 it entered into a First Amendment to its Senior Secured Revolving Credit Agreement dated as of August 5, 2025, increasing the Scotia Facility maximum principal amount from $400 million to $500 million, extending the revolver availability period to September 2030 and the scheduled maturity date to September 2031, with The Bank of Nova Scotia as administrative agent.

Fortress Private Lending Fund reported a First Amendment to its senior secured revolving credit facility that upsizes commitments, extends maturity and availability, and reduces applicable margins.

Scotia Facility lifted to $500 million; maturity to September 2031

On September 17, 2026, Fortress Private Lending Fund (the "Company"), a Delaware statutory trust, entered into the First Amendment to Senior Secured Revolving Credit Agreement (the "Amendment"), which amends that certain Senior Secured Revolving Credit Agreement dated as of August 5, 2025 (as amended by the Amendment, the "Credit Agreement" and the senior secured credit facility thereunder, the "Scotia Facility"), by and among the Company, as borrower, the lenders and issuing banks party thereto from time to time, and The Bank of Nova Scotia, as administrative agent and, solely with respect to Section 5.11 thereof, as collateral agent.

Among other things, the Amendment (i) extends the revolver availability period from August 2029 to September 2030, (ii) extends the scheduled maturity date from August 2030 to September 2031, (iii) increases the maximum principal amount of the Scotia Facility from $400,000,000 to $500,000,000, (iv) increases the accordion provision to permit increases to a total facility amount of up to $1,000,000,000, (v) reduces the applicable margin for borrowings in term SOFR or the alternate base rate, and (vi) resets the minimum shareholders' equity test.

Exhibit 10.1's Applicable Margin blackline shows that if the Gross Borrowing Base is greater than or equal to 1.60 times the Combined Debt Amount, the margins become ABR 0.825%, Term Benchmark 1.825%, and RFR 1.825% per annum (from 0.975%, 1.975%, and 1.975%), and if the Gross Borrowing Base is less than that 1.60× threshold, ABR 0.950%, Term Benchmark 1.950%, and RFR 1.950% per annum (from 1.100%, 2.100%, and 2.100%). Item 1.01 itself states the margin reduction in narrative form without reprinting those percentages; the grid above is from Exhibit 10.1.

The Form 8-K Item 1.01 narrative states that the above description does not purport to be complete and is qualified in its entirety by reference to the Amendment filed as Exhibit 10.1.

September share sales, NAV, and portfolio context

Separately under Item 3.02, during September 2026 the Company sold Class I common shares of beneficial interest, par value $0.01 per share, for aggregate consideration of $25.8 million. The number of shares to be issued was finalized on September 18, 2026, at 1,065,109 shares for total consideration of $25,770 thousand, at a purchase price equal to the Company's net asset value per Share as of August 31, 2026. The sales were made pursuant to Section 4(a)(2) of the Securities Act, Regulation D, and other available exemptions to accredited investors.

Item 8.01 reports that as of August 31, 2026, Class I NAV per Share was $24.1947, aggregate NAV was approximately $1.1 billion, the fair value of portfolio investments was approximately $2.0 billion, and debt outstanding was approximately $886.7 million. On September 18, 2026, the Company declared a September 2026 distribution of $0.1834 per Class I Share, payable to shareholders of record as of the close of business on September 30, 2026, and to be paid on or about October 22, 2026, in cash or via the distribution reinvestment plan.

The same Item 8.01 portfolio commentary states that as of August 31, 2026 the portfolio was approximately $2.0 billion fair market value across 92 portfolio companies and 21 industries, approximately 98.2% first lien and 99.9% floating-rate debt investments by fair value, with directly originated debt investments showing median EBITDA of $86.4 million, weighted average net loan-to-value of 45.6%, and interest coverage of 2.8x, and weighted average yields at fair market value of 10.1% (directly originated) and 9.9% (overall portfolio). That commentary is labeled preliminary as of September 18, 2026 and may differ from the Company's subsequent Form 10-Q for the quarter ended September 30, 2026.

As of the date of the report, the Company had issued a total of 46,226,873 Shares for aggregate consideration of $1.1 billion (excluding distribution-reinvestment-plan issuances), with no established public market for the Shares, and 46,875,752 Shares issued and outstanding effective September 1, 2026.

Filing mechanics

Item 2.03 incorporates the Item 1.01 disclosure by reference as the creation of a direct financial obligation. Fortress Private Lending Fund reported the agreement in Form 8-K AccNo 0001193125-26-398118 under Items 1.01, 2.03, 3.02, 8.01, and 9.01. The cover earliest-event date is September 18, 2026; the First Amendment is dated September 17, 2026; the report is dated and signed September 22, 2026 by Avraham Dreyfuss, Chief Financial Officer. The cover page lists no securities registered under Section 12(b) of the Exchange Act.