Star Holdings unit amends Morgan Stanley margin loan, cuts Safehold share trigger to $8

Bitget2026/10/09 20:02

Star Holdings unit STAR SPV amended its margin loan agreement with Morgan Stanley on Oct. 9, 2026. Share price trigger for mandatory prepayment tied to Safehold stock lowered to $8 from $10. Delayed draw commitment of up to $15.8 million terminated; it was undrawn at the amendment date. Loan-to-value ratios tightened, raising collateral posting requirements and limiting collateral release requests. Facility had about $46.5 million outstanding before the amendment; secured by a first-priority pledge of Safehold shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Star Holdings published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-115032), on October 09, 2026, and is solely responsible for the information contained therein.

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