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.