secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001104659-24-047298
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safehold closes $2.0B unsecured revolver, replacing $1.85B facilities; 5 bps rate savings
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- New $2.0B unsecured revolving credit facility replaces prior aggregate $1.85B facilities.
- Maturity extended to May 1, 2029 (including two six-month extension options).
- Interest rate at adjusted SOFR + 85 bps, a 5 bps reduction from prior facilities.
- $916M outstanding from prior facility rolled over into new facility.
- Safehold Inc. guarantees the facility; proceeds for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000110465924047298/0001104659-24-047298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000110465924047298/tm2411750d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-047298

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