Safehold Inc. announced the closure of a $400 million unsecured term loan.
The loan has a maturity date of November 15, 2030, with extension options.
Proceeds will be used for debt repayment and general corporate purposes, enhancing liquidity.
Financing Outcome
Increased liquidity and addressed near-term maturity with flexible unsecured capital.
Use of Proceeds
Repayment of secured debt and enhancement of the Company's liquidity position.
Borrowing Rate
SOFR plus 90 basis points with a SOFR swap at a 3.0% strike rate through April 2028.
- The new unsecured term loan boosts Safehold's financial flexibility and capacity for strategic investments.
- Full repayment of secured debt unencumbers assets and strengthens the company's balance sheet.
Safehold's successful financing demonstrates proactive measures to enhance liquidity, creating value for shareholders and providing attractive capital solutions to customers.