---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-324788"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2025-12-18T23:59:59+00:00"
generated_at: "2026-05-16T12:50:50.149898+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Scholastic completes sale-leaseback of NYC HQ and Jefferson City facility; generates $401M net proceeds

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-324788
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2025-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 2.03, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/0001193125-25-324788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/d63446d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-324788
- JSON: https://secwatch.observer/filing/0001193125-25-324788.json
- Plain text: https://secwatch.observer/filing/0001193125-25-324788.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/0001193125-25-324788-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/0001193125-25-324788-index.htm

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