secwatch.observer — SEC 8-K summary
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Issuer:     Star Holdings (STHO)
CIK:        0001953366
Form:       8-K
Filed at:   2026-10-02T20:01:19+00:00
Accession:  0001104659-26-113260
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953366/000110465926113260/0001104659-26-113260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953366/000110465926113260/tm2626632d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113260

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