secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001104659-23-107357
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000110465923107357/0001104659-23-107357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000110465923107357/tm2327923d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-107357

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