secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001193125-25-324788
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 2.03, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/0001193125-25-324788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/d63446d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-324788

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