Financing ·
Star Holdings amends $46.5M margin loan with Morgan Stanley, lowering share price trigger to $8
STHOStar Holdings
Star Holdings' subsidiary entered into Amendment No. 5 to its margin loan agreement with Morgan Stanley, reducing the mandatory prepayment share price trigger from $10.00 to $8.00 for Safehold common stock collateral and terminating an undrawn $15.8 million delayed draw commitment. The amendment also lowers loan-to-value ratios requiring additional collateral posting against the approximately $46.5 million outstanding balance. Star Holdings operates in the real estate investment sector, focusing on sustainable property management.