SCHOLASTIC CORP (SCHL): M&A transaction — Scholastic completes sale-leaseback of NYC HQ and Jefferson City facility; generates $401M net proceeds

SCHOLASTIC CORP

Total proceeds of $481M; estimated net proceeds of $401M after taxes, fees, and transaction expenses.
Proceeds to be used for capital allocation priorities including share repurchases, per CEO.
SoHo lease initial term 15 years with two 10-year renewal options; total fixed rent $333M over initial term.
Jefferson City lease initial term 20 years with two 10-year renewals; first-year base rent ~$6.886M, triple net.
Transactions closed December 17, 2025; buyers were subsidiaries of Empire State Realty Trust and Fortress Investment Group.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SCHOLASTIC CORP completed a disposition involving FNLR Fortuna Major LLC for $481 in total proceeds (closed 2025-12-17).

Action: disposition
Counterparty: FNLR Fortuna Major LLC
Consideration: $481 in total proceeds
Closing: 2025-12-17

Exact text from the filing

Major LLC (Jefferson City Purchase Agreement). As noted in the press release attached as Exhibit 99.1 to this report on Form 8-K, the two sale leaseback transactions generated $481 in total proceeds, with estimated net proceeds (after taxes, fees and other transaction related expenses) estimated to be $401 million. The foregoing descriptions are not intended

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SCHOLASTIC CORP completed a disposition involving ESRT 555-557 Broadway, L.L.C. for $481 in total proceeds (closed 2025-12-17).

Action: disposition
Counterparty: ESRT 555-557 Broadway, L.L.C.
Consideration: $481 in total proceeds
Closing: 2025-12-17

Exact text from the filing

Major LLC (Jefferson City Purchase Agreement). As noted in the press release attached as Exhibit 99.1 to this report on Form 8-K, the two sale leaseback transactions generated $481 in total proceeds, with estimated net proceeds (after taxes, fees and other transaction related expenses) estimated to be $401 million. The foregoing descriptions are not intended

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SCHOLASTIC CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-324788

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