---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-116444"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-11-26T23:59:59+00:00"
generated_at: "2026-05-16T16:24:43.942498+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Safehold closes $400M unsecured term loan, repays revolver and secured debt

## Summary
- $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.

## SEC filing metadata
- accession: 0001104659-25-116444
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-11-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000110465925116444/0001104659-25-116444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000110465925116444/tm2532139d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-116444
- JSON: https://secwatch.observer/filing/0001104659-25-116444.json
- Plain text: https://secwatch.observer/filing/0001104659-25-116444.txt

## Key facts
- Debt Financings
  Safehold Inc. incurred term loan of $400,000,000 with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto at SOFR term rate plus an applicable rate ranging from 0.850% to 1.650% maturing November 15, 2030.
  - Instrument: term loan
  - Principal: $400,000,000
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto
  - Rate: SOFR term rate plus an applicable rate ranging from 0.850% to 1.650%
  - Maturity: November 15, 2030
  - Event: incurrence
  source text: the payment and performance of the obligations of the Borrower under the Term Loan Credit Agreement as and when due and payable. The Term Loan Credit Agreement provides for $400,000,000 of term loans (the “Term Loans”) for working capital and general corporate purposes with a maturity date of November 15, 2030, which includes two one-year extension options. The
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000110465925116444/0001104659-25-116444-index.htm
- Material Agreements
  Safehold Inc. entered into Term Loan Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto valued at $400,000,000 (effective 2025-11-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto
  - Value: $400,000,000
  - Effective: 2025-11-25
  source text: On November 25, 2025 (the “Closing Date”), Safehold GL Holdings LLC (the “Borrower”) entered into an unsecured term loan A agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto (the “Term Loan Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000110465925116444/0001104659-25-116444-index.htm

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