---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-107353"
form_type: "8-K"
ticker: "STHO"
cik: "0001953366"
company_name: "Star Holdings"
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:40:02.855717+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Star Holdings amends margin loan and term loan to ease collateral triggers and allow prepayments

## Summary
- Margin loan floor price reduced to $10.00 from $14.00; LTV trigger lowered to 42.5%.
- Outstanding margin loan balance $90M (Oct 5); term loan balance $115M (Oct 4).
- Term loan amendment enables $25M incremental facility for margin loan prepayments; PIK interest eliminated.
- Voluntary prepayment of $2.39M on margin loan using July 2023 dividend proceeds.
- Both loans secured by Safehold Inc. shares; amendments effective Oct 4 and Oct 6, 2023.

## SEC filing metadata
- accession: 0001104659-23-107353
- form_type: 8-K
- ticker: STHO
- cik: 0001953366
- company_name: Star Holdings
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1953366/000110465923107353/0001104659-23-107353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1953366/000110465923107353/tm2327916d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-107353
- JSON: https://secwatch.observer/filing/0001104659-23-107353.json
- Plain text: https://secwatch.observer/filing/0001104659-23-107353.txt

## Key facts
- Material Agreements
  Star Holdings amended Term Loan Credit Agreement with Safehold valued at Amendment allows Star Holdings to access $25 million incremental facility and removes interest in ki (effective 2023-10-04).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Safehold
  - Value: Amendment allows Star Holdings to access $25 million incremental facility and removes interest in ki
  - Effective: 2023-10-04
  source text: On October 4, 2023, Star Holdings, as borrower, entered into an amendment to its previously-disclosed term loan credit agreement, dated March 31, 2023, with Safehold, as lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1953366/000110465923107353/0001104659-23-107353-index.htm
- Material Agreements
  Star Holdings amended Margin Loan Agreement with Morgan Stanley Bank, N.A. valued at Amendment reduces floor price from $14.00 to $10.00 and moderately lowers loan-to-value ratios. (effective 2023-10-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Bank, N.A.
  - Value: Amendment reduces floor price from $14.00 to $10.00 and moderately lowers loan-to-value ratios.
  - Effective: 2023-10-06
  source text: On October 6, 2023, STAR Investment Holdings SPV LLC, a wholly-owned subsidiary of Star Holdings ("STAR SPV"), as borrower, entered into an amendment to its previously-disclosed margin loan agreement, dated March 31, 2023, with Morgan Stanley Bank, N.A., as initial lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1953366/000110465923107353/0001104659-23-107353-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.