---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-074611"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2026-06-16T20:40:02+00:00"
generated_at: "2026-06-16T20:42:12.913691+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Safehold closes $225M private placement of 6.615% senior unsecured notes due 2056 with stair-step cash coupon

## Summary
- Issued $225M aggregate principal of senior unsecured notes due August 1, 2056; all-in coupon 6.615%.
- Stair-step cash interest: starts at 4.00%, increases to 4.50% in year 5, eventually to 6.615% in year 21; accrued PIK portion.
- Company terminated hedges, realized ~$30M cash settlement gain; effective semi-annual yield to maturity ~5.83%.
- Uses: repaying secured revolver borrowings, additional ground lease investments, working capital, funding commitments.

## SEC filing metadata
- accession: 0001104659-26-074611
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2026-06-16T20:40:02+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000110465926074611/0001104659-26-074611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000110465926074611/tm2618020d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-074611
- JSON: https://secwatch.observer/filing/0001104659-26-074611.json
- Plain text: https://secwatch.observer/filing/0001104659-26-074611.txt

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