Safehold amends Star Holdings term loan; consents to margin loan floor price cut to $10

Safehold Inc.

Term loan outstanding balance $115M; $25M incremental facility remains unused but now available for margin loan prepayment replenishment.
Star Holdings loses right to pay interest in kind (PIK) on the term loan; interest payable only in cash.
Safehold consented to margin loan amendment: mandatory prepayment floor reduced from $14 to $10 per share of SAFE common stock.
Margin loan (with Morgan Stanley) outstanding $90M as of Oct 5; loan-to-value ratios triggering additional collateral moderately lowered.

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