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Stock impact report

Safehold Announces Public Offering and Concurrent Private Placement

Safehold Inc. New (SAFE) 
Last safehold inc. new earnings: 4/23 07:30 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Safehold Inc. (NYSE: SAFE) announced today that it has commenced an underwritten public offering to sell 3,000,000 shares of its common stock. The Company intends to grant the underwriters in the offering a 30-day option to purchase up to an additional 450,000 shares of its common stock.Concurrently with the completion of the public offering, Safehold will sell to iStar Inc. (NYSE: STAR), in a private placement, a number of shares of common stock equal to 66.7% of the total number of shares sold in the offering and the concurrent private placement (including any shares sold pursuant to the underwriters' additional purchase option) up to a maximum of $200 million of shares, at the public offering price.The Company intends to use the net proceeds from the offering and concurrent private placement to make additional ground lease investments, to repay borrowings outstanding under its revolving credit facility and for general business purposes.This press rele Show less Read more
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