Safehold (SAFE) has provided an announcement.
Safehold Inc. has launched a new $750 million U.S. commercial paper program through its subsidiary, Safehold GL Holdings LLC, to issue short-term, unsecured notes, guaranteed by Safehold Inc. The funds raised will support general corporate activities and the notes, which will be offered privately, are supported by a credit line, with interest rates influenced by market conditions and credit ratings. The issuance is designed to comply with securities regulations, without the need for public registration.
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