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Fortress Biotech Settles Senior Secured Credit Agreement

PUBLIC · FBIOSep 30, 2026

Amount Raised

$50 Million

Round Type

Debt Financing

New YorkBiotechnologyPharmaceuticalBiopharma

Investors

Oaktree Fund Administration, Llc

Description

Fortress Biotech, Inc. repaid the remaining $15 million principal under its senior secured credit agreement with Oaktree Fund Administration, LLC on September 30, 2026. This repayment included accrued interest and fees, resulting in the release of all liens against the company's assets. The agreement was initially executed on July 25, 2024, and was aimed at supporting Fortress's financial operations

Company Information

Company

Fortress Biotech, Inc.

Location

2 GANSEVOORT STREET

New York, New York, United States

About

Fortress Biotech, Inc. (“Fortress”) is an innovative biopharmaceutical company focused on efficiently acquiring, developing and commercializing or monetizing promising therapeutic products and product candidates. The company has eight marketed prescription pharmaceutical products and over 25 programs in development at Fortress, at its majority-owned and majority-controlled partners and subsidiaries and at partners and subsidiaries it founded and in which it holds significant minority ownership positions. Such product candidates span six large-market areas, including oncology, rare diseases and gene therapy, which allow it to create value for shareholders. Fortress advances its diversified pipeline through a streamlined operating structure that fosters efficient drug development. The Fortress model is focused on leveraging its significant biopharmaceutical industry expertise and network to further expand the company’s portfolio of product opportunities. Fortress has established partnerships with some of the world’s leading academic research institutions and biopharmaceutical companies to maximize each opportunity to its full potential, including AstraZeneca, City of Hope, Fred Hutchinson Cancer Center, St. Jude Children’s Research Hospital, Nationwide Children’s Hospital and Sentynl. For more information, visit www.fortressbiotech.com.

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