8-K
filed March 30, 2026, 7:59 PM ET
ticker STRR
CIK 0001210708
debt
confidence high
sentiment neutral
materiality 0.50
Star Equity closes sale-leaseback of two drilling properties for $1.69M total
Star Equity Holdings, Inc.
- Texas property sold for $1.14M and Utah property for $0.55M on March 27, 2026.
- Properties leased back via 20-year triple net leases with four 5-year renewal options.
- Company guarantees the lease obligations of subsidiary Alliance Drilling Tools.
- Wyoming property sale-leaseback closed on Feb 27, 2026; Texas and Utah complete the three-property transaction.
- Proceeds subject to adjustments for taxes and charges.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Star Equity Holdings, Inc. entered into ADT Utah Lease with Alliance Texas and Utah, LLC (effective 2026-03-27).
- Action
- entry
- Agreement
- lease
- Counterparty
- Alliance Texas and Utah, LLC
- Effective
- 2026-03-27
Exact text from the filing
Simultaneously with the consummation of the ADT Texas PSA and ADT Utah PSA, ADT entered into two commercial single-tenant triple net leases with the ADT Property Buyer, guaranteed by the Company, pursuant to which ADT leased back from the ADT Property Buyer the ADT Texas Property and the ADT Utah Property for terms commencing on March 27, 2026, and ending on the 20th anniversaries thereof, unless earlier terminated or extended for four additional five year periods.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Star Equity Holdings, Inc. entered into ADT Texas Lease with Alliance Texas and Utah, LLC (effective 2026-03-27).
- Action
- entry
- Agreement
- lease
- Counterparty
- Alliance Texas and Utah, LLC
- Effective
- 2026-03-27
Exact text from the filing
Simultaneously with the consummation of the ADT Texas PSA and ADT Utah PSA, ADT entered into two commercial single-tenant triple net leases with the ADT Property Buyer, guaranteed by the Company, pursuant to which ADT leased back from the ADT Property Buyer the ADT Texas Property and the ADT Utah Property for terms commencing on March 27, 2026, and ending on the 20th anniversaries thereof, unless earlier terminated or extended for four additional five year periods.
View on SEC.gov
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