Lincoln Educational completes $46.5M sale-leaseback of two campuses, nets $28.5M

LINCOLN EDUCATIONAL SERVICES CORP

Closed sale of Denver and Grand Prairie properties for $46.5M; net proceeds ~$28.5M after repaying $16.8M term loan and $1.2M costs.
Anticipates recording ~$22M gain on sale in Q4 2021; annual interest savings ~$0.8M from loan repayment.
Entered 20-year triple-net leases with annual base rent ~$2.6M, escalating 2% yearly, with four 5-year renewal options.
Proceeds to fund growth initiatives, facility upgrades, and working capital; campus operations continue uninterrupted.

item 1.01 item 2.01 item 2.03 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.