Safehold Inc. announced that it has closed a new $500 million unsecured revolving credit facility. The new facility has a current borrowing rate of adjusted SOFR plus 100 basis points, with a maturity of July 31, 2025. Safehold has also amended its existing $1.35 billion revolving credit facility primarily to transition from LIBOR to SOFR.

Both facilities are subject to a pricing grid based on Safehold's credit ratings.