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Stock impact report

Safehold Announces New $2.0 Billion Unsecured Revolving Credit Facility [Yahoo! Finance]

Safehold Inc. New (SAFE) 
Last safehold inc. new earnings: 4/23 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
closed on a new $2.0 billion unsecured revolving credit facility, which replaces Safehold's existing aggregate billion unsecured revolving credit facilities. The new facility has a fully extended maturity date of May 1, 2029 which includes two six-month extension options. Based upon Safehold's current credit ratings, the interest rate on the new unsecured revolving facility is adjusted SOFR plus 85 basis points, a 5 basis point savings from the prior facilities. "This execution is a strong outcome for Safehold, lowering the Company's cost of capital, extending term and increasing liquidity," said Brett Asnas, Chief Financial Officer. "We appreciate the support of our banking relationships, and believe the additional financial flexibility positions us well to deliver attractive capital solutions to customers and create long-term value for shareholders." JPMorgan Chase Bank, N.A. is the administrative agent for this new revolving facility with JPMorgan Chase Bank, N.A. and BofA Se Show less Read more
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