{"filing":{"accession_number":"0001140361-26-028230","cik":"0001286613","ticker":"LINC","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","form":"8-K","filing_date":"2026-07-10","report_date":null,"primary_document":"ef20077785_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036126028230/ef20077785_8k.htm"},"events":[{"id":17391,"run_id":15568,"accession_number":"0001140361-26-028230","anchor_item_number":"2.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Lincoln Technical Institute completed the acquisition of a real property facility in Melrose Park, IL for $18.8 million, funded by $15.04 million in mortgage financing from Provident Bank and cash on hand.","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","ticker":"LINC","filing_date":"2026-07-10","form":"8-K","submitted_at":null,"items":[{"id":15836,"accession_number":"0001140361-26-028230","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 1.01 discloses entry into a material definitive agreement and explicitly incorporates Item 2.03 by reference. Item 2.03 is the standard 8-K item for debt issuances and creation of direct financial obligations. The cross-reference structure indicates the material agreement relates to a debt transaction rather than a general commercial contract.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-11T00:11:58.798715+00:00","company_name":"","ticker":null,"filing_date":""},{"id":15837,"accession_number":"0001140361-26-028230","item_number":"2.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Lincoln Technical Institute completed the acquisition of a real property facility in Melrose Park, IL for $18.8 million, funded by $15.04 million in mortgage financing from Provident Bank and cash on hand. This is a material acquisition of assets under Item 2.01, involving significant capital deployment and debt financing that would affect a reasonable investor's assessment of the company's financial position and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-11T00:11:58.798715+00:00","company_name":"","ticker":null,"filing_date":""},{"id":15838,"accession_number":"0001140361-26-028230","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Lincoln Technical Institute entered into a $15,040,000 loan agreement with Provident Bank on July 7, 2026, creating a direct financial obligation. The disclosure details the principal amount, interest rate structure (5.99% fixed for five years, then floating), maturity date (July 1, 2036), monthly payment obligations (~$97,628), and security arrangements. This is a material debt issuance that funds a property acquisition and creates a significant long-term financial obligation for the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-11T00:11:58.798715+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":15836,"accession_number":"0001140361-26-028230","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 1.01 discloses entry into a material definitive agreement and explicitly incorporates Item 2.03 by reference. Item 2.03 is the standard 8-K item for debt issuances and creation of direct financial obligations. The cross-reference structure indicates the material agreement relates to a debt transaction rather than a general commercial contract.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-11T00:11:58.798715+00:00","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","ticker":"LINC","filing_date":"2026-07-10"},{"id":15837,"accession_number":"0001140361-26-028230","item_number":"2.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Lincoln Technical Institute completed the acquisition of a real property facility in Melrose Park, IL for $18.8 million, funded by $15.04 million in mortgage financing from Provident Bank and cash on hand. This is a material acquisition of assets under Item 2.01, involving significant capital deployment and debt financing that would affect a reasonable investor's assessment of the company's financial position and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-11T00:11:58.798715+00:00","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","ticker":"LINC","filing_date":"2026-07-10"},{"id":15838,"accession_number":"0001140361-26-028230","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Lincoln Technical Institute entered into a $15,040,000 loan agreement with Provident Bank on July 7, 2026, creating a direct financial obligation. The disclosure details the principal amount, interest rate structure (5.99% fixed for five years, then floating), maturity date (July 1, 2036), monthly payment obligations (~$97,628), and security arrangements. This is a material debt issuance that funds a property acquisition and creates a significant long-term financial obligation for the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-11T00:11:58.798715+00:00","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","ticker":"LINC","filing_date":"2026-07-10"}]}