---
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"
generated_at: "2026-06-28T14:57:18.948394+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019056-21-000559
- JSON: https://secwatch.observer/filing/0001019056-21-000559.json
- Plain text: https://secwatch.observer/filing/0001019056-21-000559.txt

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