09:57 AM EDT, 03/31/2025 (MT Newswires) -- Star Holdings ( STHO ) said Monday its board approved an up to $10 million share buyback plan.

The company also said it amended its term loan agreement with Safehold, extending the maturity by one year to March 2028. The revisions allow Star Holdings ( STHO ) to re-borrow amounts repaid on a $25 million incremental facility and include a provision enabling the company to use up to $10 million for share buybacks. As of March 28, the term loan had an outstanding balance of $115 million, with no borrowings on the incremental facility, Star said.

Star said it modified its management agreement with Safehold, raising the management fee to $7.5 million from $5 million for the April 2026 through March 2027 period. The company said it also raised the termination fee payable under certain conditions to $55 million from $50 million, minus any previously paid management fees.

Star also extended its margin loan maturity by two years to March 2028 and secured a commitment for up to $15.8 million in additional funding on a delayed-draw basis, the company said.

Other revisions included adjustments to margin requirements and collateral release thresholds, Star added.

The company's shares were up about 9% in early trading Monday.

Price: 8.74, Change: +0.72, Percent Change: +8.98