---
schema_version: "secwatch.filing_event.v1"
accession: "0000707388-24-000028"
form_type: "8-K"
ticker: null
cik: "0000707388"
company_name: "STAR EQUITY HOLDINGS, INC."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:53:12.139987+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Star Equity subsidiary KBS Builders secures $4M revolving credit line with KeyBank

## Summary
- KBS Builders closed a $4M revolving line of credit with KeyBank National Association on April 24, 2024.
- Borrowings bear interest at Adjusted Daily SOFR plus 3.00%; principal due April 30, 2025, extendable by approval.
- Line is guaranteed by Star Equity Holdings and secured by KBS Builders' inventory, equipment, accounts, and intangibles.
- Proceeds will be used for working capital requirements and to support KBS Builders' business plan.
- CFO David Noble cites financial flexibility for KBS and Star's growth initiatives.

## SEC filing metadata
- accession: 0000707388-24-000028
- form_type: 8-K
- cik: 0000707388
- company_name: STAR EQUITY HOLDINGS, INC.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707388/000070738824000028/0000707388-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707388/000070738824000028/strr-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707388-24-000028
- JSON: https://secwatch.observer/filing/0000707388-24-000028.json
- Plain text: https://secwatch.observer/filing/0000707388-24-000028.txt

## Key facts
- Debt Financings
  STAR EQUITY HOLDINGS, INC. incurred revolving credit of $4,000,000 with Keybank National Association at Adjusted Daily SOFR Rate plus 3% maturing April 30, 2025.
  - Instrument: revolving credit
  - Principal: $4,000,000
  - Counterparty: Keybank National Association
  - Rate: Adjusted Daily SOFR Rate plus 3%
  - Maturity: April 30, 2025
  - Event: incurrence
  source text: On April 24, 2024, KBS Builders, Inc. (the “Borrower”), a wholly-owned subsidiary of the Star Equity Holdings, Inc. (the “Company”), entered into a Loan and Security Agreement (the “Keybank Loan Agreement”) with Keybank National Association (“Keybank”) providing the Borrower with a working capital line of credit of up to $4,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738824000028/0000707388-24-000028-index.htm
- Material Agreements
  STAR EQUITY HOLDINGS, INC. entered into Loan and Security Agreement with Keybank National Association valued at up to $4,000,000 (effective 2024-04-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Keybank National Association
  - Value: up to $4,000,000
  - Effective: 2024-04-24
  source text: On April 24, 2024, KBS Builders, Inc. (the “Borrower”), a wholly-owned subsidiary of the Star Equity Holdings, Inc. (the “Company”), entered into a Loan and Security Agreement (the “Keybank Loan Agreement”) with Keybank National Association (“Keybank”) providing the Borrower with a working capital line of credit of up to $4,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738824000028/0000707388-24-000028-index.htm

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