{"schema_version":"secwatch.filing_event.v1","accession":"0001019056-21-000559","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2021-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.910357+00:00","generated_at":"2026-06-28T14:57:18.948394+00:00","sec_items":["1.01","2.01","2.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Lincoln Educational completes $46.5M sale-leaseback of two campuses, nets $28.5M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001019056-21-000559","json":"https://secwatch.observer/filing/0001019056-21-000559.json","markdown":"https://secwatch.observer/filing/0001019056-21-000559.md","text":"https://secwatch.observer/filing/0001019056-21-000559.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000101905621000559/0001019056-21-000559-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000101905621000559/lincoln_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T14:57:18.948394+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"}