---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-107357"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:12:53.261643+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-107357
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000110465923107357/0001104659-23-107357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000110465923107357/tm2327923d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-107357
- JSON: https://secwatch.observer/filing/0001104659-23-107357.json
- Plain text: https://secwatch.observer/filing/0001104659-23-107357.txt

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