Safehold enters third amendment to term loan credit agreement with Star Holdings
SAFE•Safehold amended its term loan agreement with Star Holdings, extending maturity to March 31, 2029, with an option to extend to September 30, 2029, and allowing up to $10 million in share repurchases after a $40 million margin loan prepayment.
1. Amended loan terms
The third amendment, entered into on September 29, extends the term loan maturity to March 31, 2029, with an option to extend it to September 30, 2029. It permits Star Holdings to repurchase up to $10 million of common shares for cash after a $40 million margin loan prepayment; Star Holdings also agreed not to make additional borrowings under the margin loan facility.
