Fortress $2 Billion Property Bond Likely to Miss Payment Date

A corporate entity tied to Fortress Investment Group warned investors that it will likely miss a key deadline to refinance about $2 billion of bonds backed by warehouses leased to Amazon.com, according to people familiar with the matter.

Fortress is “actively working on a solution for refinancing” the debt as a key July 15 repayment date approaches, the company said in a note to bondholders on Thursday seen by Bloomberg.