---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-118902"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-12-05T23:59:59+00:00"
generated_at: "2026-05-16T14:12:00.542025+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Safehold amends RCF credit agreement to align financial covenants with recent term loan A facility

## Summary
- Second Amendment to RCF Credit Agreement dated Dec 5, 2025 conforms financial covenants to those in Nov 25 term loan A.
- New minimum EBITDA-to-fixed-charges ratio: 1.15:1.00.
- Minimum unencumbered assets to unsecured debt ratio: 1.25:1.00; maximum secured debt to asset value: 50%.
- Amendment entered by Safehold GL Holdings (borrower), Safehold Inc. (guarantor), JPMorgan Chase Bank as agent.

## SEC filing metadata
- accession: 0001104659-25-118902
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000110465925118902/0001104659-25-118902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000110465925118902/tm2532790d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-118902
- JSON: https://secwatch.observer/filing/0001104659-25-118902.json
- Plain text: https://secwatch.observer/filing/0001104659-25-118902.txt

## Key facts
- Material Agreements
  Safehold Inc. amended Second Amendment to the RCF Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the various lenders and financial institutions party thereto (effective 2025-12-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the various lenders and financial institutions party thereto
  - Effective: 2025-12-05
  source text: On December 5, 2025, Safehold GL Holdings LLC (the “Borrower”) and Safehold Inc. (the “Company”) entered into a Second Amendment to the RCF Credit Agreement (as defined below) with JPMorgan Chase Bank, N.A., as administrative agent, and the various lenders and financial institutions party thereto (the “Second Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000110465925118902/0001104659-25-118902-index.htm

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