debt
confidence high
sentiment positive
materiality 0.55
Safehold closes $400M unsecured term loan, repays revolver and secured debt
Safehold Inc.
- $400M unsecured term loan closed Nov 25, 2025; maturity Nov 15, 2030 with two 1-year extension options.
- Borrowing rate at SOFR + 90 bps based on A3/A-/A- ratings; hedged via SOFR swap at 3.0% through April 2028.
- Proceeds used to repay ~$400M of revolving credit facility; also recently repaid $227M secured debt due 2027, unencumbering 12 ground leases.
- Liquidity increased to $1.3B post-closing, enhancing financial flexibility.
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