Safehold amends Star Holdings term loan and management agreements; loan maturity extended to 2029

Safehold Inc.

Third Amendment extends the Star Holdings term loan maturity to March 31, 2029, with an option to extend to September 30, 2029; rate rises to 9.00% during extension.
Star Holdings paid Safehold a $2.4 million maturity extension fee; outstanding term loan principal was $115.0 million as of September 29, 2026.
Term loan amendment permits up to $50.0M prepayments plus restricted cash and blocks new margin loan borrowings; share repurchases up to $10.0M after $40.0M paydown.
Management Agreement amendment sets minimum quarterly fees of $1.25 million and $625,000 for the 2027-28 and 2028-29 annual terms.
Termination fee payable to Safehold Management Services rises to $62.5 million from $55.0 million; no-cause termination fee period extended to March 31, 2029.

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