SEC Contract Filing

Filing Date: 2025-04-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ef20047431_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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 <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">Exhibit 10.1</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SECOND AMENDMENT TO CREDIT AGREEMENT</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">AND INCREMENTAL FACILITIES CONFIRMATION</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">This SECOND AMENDMENT TO CREDIT AGREEMENT AND INCREMENTAL FACILITIES CONFIRMATION (this &#8220;<font style="font-family: 'Times New Roman';"><u>Agreement</u></font>&#8221;)

 is entered into as of April 11, 2025, by and among FNLR OP LP, a Delaware limited partnership (the &#8220;<font style="font-family: 'Times New Roman';"><u>Borrower</u></font>&#8221;), FORTRESS NET LEASE REIT, a Maryland statutory trust (the &#8220;<font style="font-family: 'Times New Roman';"><u>Parent</u></font>&#8221;), certain subsidiaries of the Parent party hereto (collectively with the Parent, the &#8220;<font style="font-family: 'Times New Roman';"><u>Guarantors</u></font>&#8221; and each individually, a &#8220;<font style="font-family: 'Times New Roman';"><u>Guarantor</u></font>&#8221;), each Lender and L/C Issuer party hereto, and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the &#8220;<font style="font-family: 'Times New Roman';"><u>Administrative
 Agent</u></font>&#8221;) under the Credit Agreement.&#160; Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Amended Credit Agreement (as defined below).</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">WITNESSETH</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, the Borrower, the Guarantors, the Lenders, the L/C Issuer and the Administrative Agent entered into a Credit Agreement, dated as of August
 13, 2024 (as heretofore amended, supplemented or otherwise modified from time to time, the &#8220;<font style="font-family: 'Times New Roman';"><u>Credit Agreement</u></font>&#8221; and, as amended by this Agreement, the &#8220;<font style="font-family: 'Times New Roman';"><u>Amended Credit Agreement</u></font>&#8221;), providing to the Borrower a Revolving Credit Facility and Term Facility on the terms set forth therein;</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, pursuant to Section 2.15 of the Credit Agreement the Borrower has the right to request an increase in the aggregate principal amount of the
 Facilities to an amount not exceeding $1,000,000,000 through one or more increases in the existing Revolving Credit Facility and/or increases in the principal amount of the Term Facility and/or the addition of one or more new pari passu tranches of
 term loans;</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, the Borrower has requested that the Credit Agreement be amended to provide for the right to request increase in the aggregate principal
 amount of the Facilities to an amount not exceeding $1,500,000,000 (the &#8220;<font style="font-family: 'Times New Roman';"><u>Incremental Facility Maximum</u></font>&#8221;);</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, the Borrower has requested, concurrently with the effectiveness of the Incremental Facility Maximum pursuant hereto, to increase the
 aggregate principal amount of the Facilities from $900,000,000 to $1,075,000,000 in the form of (i) an increase in the aggregate commitments to the Revolving Credit Facility from $755,000,000 to $892,500,000 (the &#8220;<font style="font-family: 'Times New Roman';"><u>Incremental Revolving Increase</u></font>&#8221;) and (ii) an increase in the aggregate outstanding principal amount of the Term Loan from $145,000,000 to $182,500,000 (the &#8220;<font style="font-family: 'Times New Roman';"><u>Incremental Term
 Increase</u></font>&#8221;; the Incremental Revolving Increase and the Incremental Term Increase referred to herein collectively as the &#8220;<font style="font-family: 'Times New Roman';"><u>Incremental Facilities</u></font>&#8221;); and</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, subject to the terms and conditions set forth herein and in Section 2.15 of the Amended Credit Agreement each Lender appearing on <font style="font-family: 'Times New Roman';"><u>Exhibit A</u></font> hereto (collectively, the &#8220;<font style="font-family: 'Times New Roman';"><u>Increasing Lenders</u></font>&#8221; and individually, an &#8220;<font style="font-family: 'Times New Roman';"><u>Increasing

 Lender</u></font>&#8221;) is willing to participate in the Incremen