---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-113260"
form_type: "8-K"
ticker: "STHO"
cik: "0001953366"
company_name: "Star Holdings"
filed_at: "2026-10-02T20:01:19+00:00"
generated_at: "2026-10-12T14:35:06.831491+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Star Holdings extends $115M Safehold term loan to March 2029, pays $2.4M fee; termination fee raised to $62.5M

## Summary
- Third Amendment to the Safehold credit agreement extends the $115.0M term loan maturity to March 31, 2029, with an option to extend to September 30, 2029 at a 0.5% fee and +1.0% rate (9.00% vs 8.00%).
- Star Holdings paid Safehold a $2.4M maturity extension fee; the outstanding term loan principal balance was $115.0M with no borrowings on the incremental facility.
- New restricted-payments basket allows repurchases of up to $10.0M of common shares once the margin loan is paid down by at least $40.0M; no additional margin loan borrowings permitted.
- Second Amendment to the Management Agreement raises the Termination Fee to $62.5M from $55.0M and sets minimum quarterly fees of $1.25M (year ending 3/31/2028) and $625,000 (year ending 3/31/2029).
- On September 30, 2026, Star paid down its margin loan facility from $94.5M to $46.5M using roughly $30.0M of asset sale proceeds and $18.0M of restricted cash.

## SEC filing metadata
- accession: 0001104659-26-113260
- form_type: 8-K
- ticker: STHO
- cik: 0001953366
- company_name: Star Holdings
- filed_at: 2026-10-02T20:01:19+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1953366/000110465926113260/0001104659-26-113260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1953366/000110465926113260/tm2626632d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-113260
- JSON: https://secwatch.observer/filing/0001104659-26-113260.json
- Plain text: https://secwatch.observer/filing/0001104659-26-113260.txt

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