EX-99.1 2 d847913dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Scholastic Unlocks Significant Value Through Sale-Leasebacks of Owned Real Estate Assets Binding Agreements Signed for Sale of New York City Headquarters and Jefferson City, Missouri Distribution Center Transactions Expected to Generate $401 Million in Estimated Net Proceeds to Be Deployed Toward Company’s Capital Allocation Priorities, including Debt Reduction and Share Repurchases NEW YORK, Dec. 2, 2025 - Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced that it has entered into sale-leaseback transactions for its headquarters location in New York City (“555-557 Broadway”) and its primary distribution facility in Jefferson City, Missouri (“Jefferson City”), which together are expected to generate estimated net proceeds of $401 million. The sale of these real estate assets aligns with the Company’s long-term plan to monetize its significant non-operating assets to improve the efficiency of its balance sheet and create shareholder value. Proceeds are expected to be deployed in accordance with the Company’s capital allocation priorities, including deb…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
Scholastic Corporation
SCHLNASDAQEQUITYCurrent
Regulation FD Disclosure
Item 7.01 Regulation FD information On December 2, 2025, the Registrant issued a press release titled “Scholastic Unlocks Significant Value Through Sale-Leasebacks of Owned Real Estate Assets” a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.…
Company context
For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been meeting children where they are - at school, at home and in their communities - by creating quality content and experiences, all beginning with literacy. Scholastic delivers stories, characters, and learning moments that empower all kids to become lifelong readers and learners through bestselling children’s books, literacy- and knowledge-building resources for schools including classroom magazines, and award-winning, entertaining children’s media. As the world’s largest publisher and distributor of children’s books through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online, and with a global reach into more than 135 countries, Scholastic encourages the personal and intellectual growth of all children, while nurturing a lifelong relationship with reading, themselves, and the world around them. Learn more at www.scholastic.com.