Safehold Prices $300M 6.100% Senior Unsecured Notes Due 2034
Portfolio Pulse from Benzinga Newsdesk
Safehold GL Holdings LLC has priced a public offering of $300 million 6.100% senior unsecured notes due 2034, with a settlement date of March 4, 2024. The notes are guaranteed by the company and were priced at 98.957% of the principal amount.
March 01, 2024 | 7:14 am
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Safehold GL Holdings LLC's public offering of $300 million 6.100% senior unsecured notes due 2034 could impact its financial flexibility and debt profile.
The offering of senior unsecured notes increases Safehold's debt but could also provide capital for growth or refinancing. The impact on the stock price is uncertain, as it depends on investor perception of the company's use of proceeds and overall debt strategy.
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