Star Equity Holdings, via Alliance Drilling Tools, completed $1.69 million sale-leaseback deals for two properties, securing 20-year triple net leases. This arrangement frees up cash while maintaining asset usage.

NodeGuardian

2026-04-16 05:48:39

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Star Equity Holdings, through its subsidiary Alliance Drilling Tools, completed sale-leaseback transactions for two properties in Texas and Utah on March 27, 2026, for a total of $1.69 million. Alliance Drilling Tools then entered into 20-year triple net leases for both properties, with Star Equity guaranteeing the leases and Alliance Drilling Tools being responsible for all property-related expenses. This financing arrangement allows Star Equity to free up cash while continuing to use the assets.

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Sale-leaseback of Texas and Utah sites at Star Equity (NASDAQ: STRR)

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