---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-029620"
form_type: "8-K"
ticker: "STHO"
cik: "0001953366"
company_name: "Star Holdings"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:32:43.891584+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-029620
- form_type: 8-K
- ticker: STHO
- cik: 0001953366
- company_name: Star Holdings
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1953366/000110465925029620/0001104659-25-029620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1953366/000110465925029620/tm2510731d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-029620
- JSON: https://secwatch.observer/filing/0001104659-25-029620.json
- Plain text: https://secwatch.observer/filing/0001104659-25-029620.txt

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