---
schema_version: "secwatch.filing_event.v1"
accession: "0000707388-23-000105"
form_type: "8-K"
ticker: null
cik: "0000707388"
company_name: "STAR EQUITY HOLDINGS, INC."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:52:14.062515+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Star Equity subsidiaries enter $4M revolving credit facility with Premier Bank

## Summary
- Subsidiaries EdgeBuilder and Glenbrook Building Supply entered $4M revolving credit line with Premier Bank.
- Interest at prime + 0.75% (minimum 6.75%), maturity August 16, 2024, with extension possible.
- Borrowing base: 75% eligible accounts, 50% eligible inventory/equipment. Guaranteed by parent Star Equity (STRR).
- Loan secured by inventory, equipment, accounts; requires $400K reserve account.
- Proceeds for working capital or acquisitions, customary covenants and default provisions.

## SEC filing metadata
- accession: 0000707388-23-000105
- form_type: 8-K
- cik: 0000707388
- company_name: STAR EQUITY HOLDINGS, INC.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707388/000070738823000105/0000707388-23-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707388/000070738823000105/strr-20230816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707388-23-000105
- JSON: https://secwatch.observer/filing/0000707388-23-000105.json
- Plain text: https://secwatch.observer/filing/0000707388-23-000105.txt

## Key facts
- Debt Financings
  STAR EQUITY HOLDINGS, INC. incurred revolving credit of up to $4,000,000 with Premier Bank at prime rate plus 0.75% (and a minimum interest rate of 6.75%) maturing August 16, 2024.
  - Instrument: revolving credit
  - Principal: up to $4,000,000
  - Counterparty: Premier Bank
  - Rate: prime rate plus 0.75% (and a minimum interest rate of 6.75%)
  - Maturity: August 16, 2024
  - Event: incurrence
  source text: On August 16, 2023, EdgeBuilder, Inc. and Glenbrook Building Supply, Inc. (the “Borrowers”), wholly-owned subsidiaries of Star Equity Holdings, Inc. (the “Company”), entered into a Revolving Credit Loan Agreement (the “Premier Loan Agreement”) with Premier Bank (“Premier”) providing the Borrowers with a working capital line of credit of up to $4,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738823000105/0000707388-23-000105-index.htm
- Material Agreements
  STAR EQUITY HOLDINGS, INC. entered into Premier Loan Agreement with Premier Bank valued at up to $4,000,000 (effective 2023-08-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Premier Bank
  - Value: up to $4,000,000
  - Effective: 2023-08-16
  source text: On August 16, 2023, EdgeBuilder, Inc. and Glenbrook Building Supply, Inc. (the “Borrowers”), wholly-owned subsidiaries of Star Equity Holdings, Inc. (the “Company”), entered into a Revolving Credit Loan Agreement (the “Premier Loan Agreement”) with Premier Bank (“Premier”) providing the Borrowers with a working capital line of credit of up to $4,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738823000105/0000707388-23-000105-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.