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 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