Educational Development Corporation Announces Executed Fifth Amendment to Credit Agreement [Yahoo! Finance]
Educational Development Corporation (EDUC)
US:NASDAQ Investor Relations:
edcpub.com/investors.aspx
Company Research
Source: Yahoo! Finance
Amendment ("Amendment") to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"). The Amendment, effective May 31, 2024, adjusts the maximum availability of the Revolving Loan commitment to $7.0 million through the maturity date of October 4, 2024. The Amendment also requires an additional decrease in the Revolving Loan to $4.5 million from the effective date of the sale of the Company's Headquarters building. On June 12, 2024 the Company announced the executed Commercial Real Estate Contract ("Contract") with Rockford Holdings ("Rockford" or "Buyer") for the sale of the Company's headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex"). The Contract is expected to be completed by September 12, 2024. Per Craig White, President and Chief Executive Officer, "We are pleased with the execution of this amendment as it continues to provide borrowing capacity on our line of credit with our bank.
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EDUC
News
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Corporation Announces Execution of New Tenant Lease Agreement for Available Space at Hilti Complex [Yahoo! Finance]Yahoo! Finance
EDUC
Sec Filings
- 6/17/24 - Form 8-K
- 6/12/24 - Form 8-K
- 5/30/24 - Form 8-K
- EDUC's page on the SEC website