---
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"
generated_at: "2026-06-29T00:55:04.449874+00:00"
event_type: "other"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational to monetize three campuses for $81M; net proceeds ~$60M after debt repayment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019056-21-000504
- JSON: https://secwatch.observer/filing/0001019056-21-000504.json
- Plain text: https://secwatch.observer/filing/0001019056-21-000504.txt

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