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Stock impact report

Safehold Announces $400 Million Unsecured Term Loan [Yahoo! Finance]

Safehold Inc. (SAFE) 
Last safehold inc. earnings: 4/23 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
/PRNewswire/ -- Safehold Inc. (the "Company" or "Safehold") (NYSE: SAFE) today announced that it has closed on a $400 million unsecured term loan. The new term loan has a fully extended maturity date of November 15, 2030 which includes two twelve-month extension options. Pursuant to the terms of the loan, Safehold's current A3 / A- / A- credit ratings provide for a borrowing rate of SOFR plus 90 basis points. The Company has a SOFR swap at a 3.0% strike rate through April 2028 that will hedge this transaction. Show less Read more
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