Safehold Closes $400 Million Unsecured Term Loan with SOFR Plus 90 Basis Points Rate.

Safehold Inc. has closed on a $400 million unsecured term loan with a fully extended maturity date of November 15, 2030. The borrowing rate is SOFR plus 90 basis points, and the proceeds will be used for debt repayment and general corporate purposes. The Company recently repaid $227 million of secured debt due 2027 and has replaced that capital with the new unsecured term loan.