{"schema_version":"secwatch.filing_event.v1","accession":"0001019056-21-000504","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2021-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.512041+00:00","generated_at":"2026-06-29T00:55:04.449874+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lincoln Educational to monetize three campuses for $81M; net proceeds ~$60M after debt repayment","bullets":["Sale-leaseback of Denver and Grand Prairie campuses for $46.5M; expected Q4 2021 close; $22M gain on sale.","Sale of Nashville campus for $34.5M; expected Q1 2022 close; $29M gain; rent-free leaseback for 12 months.","Combined net proceeds ~$80M; $17M to repay term loan; remaining ~$60M for growth and new Nashville campus buildout.","Annual interest savings ~$0.8M from debt repayment; plan to use NOLs to offset tax liability.","Transactions subject to due diligence and closing conditions; no assurance of consummation."],"urls":{"canonical":"https://secwatch.observer/filing/0001019056-21-000504","json":"https://secwatch.observer/filing/0001019056-21-000504.json","markdown":"https://secwatch.observer/filing/0001019056-21-000504.md","text":"https://secwatch.observer/filing/0001019056-21-000504.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000101905621000504/0001019056-21-000504-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000101905621000504/lincoln_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T00:55:04.449874+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}