Financing ·
On June 15, 2026, Safehold GL Holdings LLC, an operating company of Safehold Inc., issued $225 million in aggregate…
SAFESafehold Inc.
On June 15, 2026, Safehold GL Holdings LLC, an operating company of Safehold Inc., issued $225 million in aggregate principal amount of 6.615% Senior Notes due August 1, 2056. The notes feature a stairstep coupon starting at 4.00% and increasing to 6.615% by year 21, with the difference between the stated and cash rates accruing as payment-in-kind interest subject to credit rating maintenance. Proceeds will be used for general corporate purposes, including repaying secured revolver borrowings, ground lease investments, and working capital. The notes are fully guaranteed by Safehold Inc. and include restrictive covenants regarding unencumbered assets and secured debt ratios. Safehold Inc. operates in the real estate industry, specializing in the acquisition and management of ground leases.