Star Holdings (STHO) Form 8-K — Oct 9, 2026
Star Holdings disclosed that on October 9, 2026 its subsidiary Star Investment Holdings SPV LLC entered into Amendment No. 5 to its margin loan agreement with Morgan Stanley entities, with approximately $46.5 million of principal outstanding, secured by 13,522,651 shares of Safehold common stock. The amendment lowers the mandatory-prepayment Share Price Trigger Threshold from $10.00 to $8.00, lowers the LTV ratios requiring additional collateral, and terminates the $15.8 million undrawn delayed draw commitment.
Key figures
- Applicable margin
- 3.50% (3.75% during PIK interest periods)
- Collateral shares
- 13522651
- Initial commitment
- $140,000,000
- Ltv margin call level
- 42.5%
- Share price trigger threshold new
- $8.00
- Delayed draw commitment terminated
- $15.8 million (undrawn)
- Share price trigger threshold prior
- $10.00
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