Safehold Inc. announced that it has closed on a new $2.0 billion unsecured revolving credit facility, which replaces Safehold's existing aggregate $1.85 billion unsecured revolving credit facilities. The new facility has a fully extended maturity date of May 1, 2029 which includes two six-month extension options. Based upon Safehold's current credit ratings, the interest rate on the new unsecured revolving facility is adjusted SOFR plus 85 basis points, a 5 basis point savings from the prior facilities.

JPMorgan Chase Bank, N.A. is the administrative agent for this new revolving facility with JPMorgan Chase Bank, N.A. and BofA Securities Inc. acting as the joint bookrunners and joint lead arrangers on the transaction; Goldman Sachs Bank USA, Mizuho Bank Ltd., Royal Bank of Canada, and Truist Securities Inc. are also acting as joint lead arrangers. Sumitomo Mitsui Banking Corporation, Morgan Stanley Bank, N.A., Barclays Bank PLC, BNP Paribas and Raymond James Bank will also act as lenders under this new revolving facility.