{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-115032","form_type":"8-K","ticker":"STHO","cik":"0001953366","company_name":"Star Holdings","filed_at":"2026-10-09T20:01:25+00:00","discovered_at":"2026-10-09T20:02:00.184487+00:00","generated_at":"2026-10-12T15:12:52.032480+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Star Holdings amends Morgan Stanley margin loan: Safehold prepay trigger cut to $8.00, $15.8M draw terminated","bullets":["Amendment No. 5 cuts the Share Price Trigger Threshold that forces mandatory prepayment of the margin loan from $10.00 to $8.00 on collateral shares of Safehold common stock.","The delayed draw commitment of up to $15.8 million, undrawn as of the amendment, is terminated along with the borrower's unused delayed draw fee.","Loan-to-value ratios that would require STAR SPV to post more collateral, or let it request a release of collateral, were also lowered.","The Margin Loan Facility had about $46.5 million outstanding principal before the amendment and is secured by a first-priority pledge of Safehold shares held by Star Holdings.","Lenders approved a one-time release of cash collateral (amount redacted under Item 601(b)(10)(iv)), applied per an agreed flow of funds on the October 9, 2026 effective date."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-115032","json":"https://secwatch.observer/filing/0001104659-26-115032.json","markdown":"https://secwatch.observer/filing/0001104659-26-115032.md","text":"https://secwatch.observer/filing/0001104659-26-115032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1953366/000110465926115032/0001104659-26-115032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1953366/000110465926115032/tm2627336d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:12:52.032480+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}