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AI brief of an SEC Form 8-K · LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Lincoln Educational closes $18.8 million purchase of Melrose Park, IL campus property

Neutral Impact 3 of 5 financing Written later

Lincoln Educational Services completed the acquisition of the Melrose Park, Illinois facility it had previously leased, paying $18,800,000 as adjusted under a May 12, 2026 purchase agreement. The purchase was funded with a $15,040,000 mortgage loan from Provident Bank and cash on hand, adding a fixed-rate debt obligation that matures July 1, 2036.

Key points

  • Purchase price of $18,800,000 as adjusted, for the property at 8315-8317 W. North Avenue, Melrose Park, IL, completed July 7, 2026
  • Provident Bank loan of $15,040,000 at an initial fixed rate of 5.99% for the first five years, then resetting to Treasury-based rate with a 5.00% floor
  • Monthly principal and interest payments of approximately $97,628 begin August 1, 2026; loan matures July 1, 2036
  • Loan is secured by the property and a company-wide guaranty

The filing

CompanyLINCOLN EDUCATIONAL SERVICES CORP (LINC)
Form8-K, current report
Filed with the SECJul 10, 2026, 4:55 PM ET
Accession number0001140361-26-028230

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 10, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.