04:55 PM EST, 11/25/2025 (MT Newswires) -- Safehold (SAFE) said late Tuesday it closed a $400 million unsecured term loan maturing in November 2030, with provisions for two one-year extensions.

The company's current credit ratings provide for a borrowing rate of secured overnight financing rate plus 90 basis points, according to a statement.

Proceeds will be used to repay debt and for general corporate purposes, the company said.