secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001104659-24-119062
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safehold prices $400M 5.650% senior notes due 2035; effective yield ~5.09% after $22M hedge gain
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- Issued $400M aggregate principal of 5.650% Senior Notes due Jan 15, 2035 at 98.812% of par.
- Effective semi-annual yield to maturity of 5.804%; reduced to ~5.09% after $22M hedge-termination gain.
- Net proceeds to repay revolver, invest in ground leases, and for working capital/commitments.
- Notes fully and unconditionally guaranteed by Safehold Inc. (SAFE); joint book-runners: J.P. Morgan, BofA, Goldman Sachs, Truist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000110465924119062/0001104659-24-119062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000110465924119062/tm2428002d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-119062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer