secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2026-06-16T20:40:02+00:00
Accession:  0001104659-26-074611
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000110465926074611/0001104659-26-074611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000110465926074611/tm2618020d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-074611

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