Star Holdings extends debt maturities, amends management agreement, authorizes $10M buyback

Star Holdings

Term loan with Safehold extended to March 2028; $115M outstanding; $10M share repurchase permitted.
Management fee for 2026-2027 raised from $5M to $7.5M; termination fee increased from $50M to $55M.
Margin loan with Morgan Stanley extended to March 2028; $15.8M delayed-draw commitment; margin rates increased.
Board authorized up to $10M share repurchase program, open market or private transactions.

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