---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-029619"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:29:19.152104+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Safehold extends Star Holdings term loan to 2028, permits $10M buyback; management fee rises to $7.5M

## Summary
- Term loan maturity extended by one year to March 31, 2028; $115M principal outstanding.
- $25M incremental facility now allows re-borrowing of repaid amounts.
- Star Holdings may repurchase up to $10M of its common shares under new restricted payments basket.
- Management fee for April 2026-March 2027 annual term increased from $5M to $7.5M.
- Termination fee payable to Safehold Management Services increased from $50M to $55M.

## SEC filing metadata
- accession: 0001104659-25-029619
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- 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/1095651/000110465925029619/0001104659-25-029619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000110465925029619/tm2510757d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-029619
- JSON: https://secwatch.observer/filing/0001104659-25-029619.json
- Plain text: https://secwatch.observer/filing/0001104659-25-029619.txt

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