---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-082517"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2022-12-23T23:59:59+00:00"
generated_at: "2026-06-20T23:14:05.355692+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kingsway sells Texas railyard for $44.5M cash plus assumption of $171.2M in debt

## Summary
- TRT Leaseco (Kingsway subsidiary) agrees to sell Liberty County, TX railyard to BNSF Dayton LLC (BNSF affiliate).
- Purchase price: $44,500,000 cash plus assumption of ~$171,192,344 in existing loans (total ~$215.7M).
- Seller will assign landlord rights under existing railway lease to buyer; buyer is current tenant BNSF Railway.
- Closing expected on or before Dec 30, 2022; buyer can terminate for any reason until Dec 23, 2022.
- Seller and affiliates released from indemnity/guaranty obligations on the existing loans at closing.

## SEC filing metadata
- accession: 0001213900-22-082517
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2022-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072627/000121390022082517/0001213900-22-082517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000121390022082517/ea170787-8k_kingsway.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-082517
- JSON: https://secwatch.observer/filing/0001213900-22-082517.json
- Plain text: https://secwatch.observer/filing/0001213900-22-082517.txt

## Key facts
- Material Agreements
  KINGSWAY FINANCIAL SERVICES INC entered into Purchase and Sale Agreement with BNSF Dayton LLC valued at 44,500,000.00 (effective 2022-12-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: BNSF Dayton LLC
  - Value: 44,500,000.00
  - Effective: 2022-12-22
  source text: On December 22, 2022, TRT Leaseco, LLC (“Kingsway Seller”), an indirect subsidiary of Kingsway Financial Services Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Agreement”) with BNSF Dayton LLC (“Purchaser”), pursuant to which Kingsway Seller agreed to sell to the Purchaser certain real property (the “Property”) in Liberty County, Texas that is currently operated as a railyard.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1072627/000121390022082517/0001213900-22-082517-index.htm

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