Safehold plans to sell $300 million 10-year senior notes at Treasuries plus 170 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Nov. 8 – Safehold Operating Partnership LP intends to sell $300 million of senior notes due Jan. 15, 2032 with price talk in the Treasuries plus 170 basis points area, a market source said.

The notes will be guaranteed by Safehold Inc.

The notes will have a make-whole call followed by a par call.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities Inc. and Barclays are the bookrunners.

Proceeds will be used to repay borrowings under the company’s revolving credit facility and for general corporate purposes.

Safehold is a real estate investment trust based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.