---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-061253"
form_type: "8-K"
ticker: "EACO"
cik: "0000784539"
company_name: "EACO CORP"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:52:21.919836+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EACO subsidiary Bisco increases credit line to $20M, extends maturity to Feb 2026

## Summary
- Bisco Industries amended its line of credit with Citizens Business Bank, increasing the principal from $15M to $20M.
- Maturity date extended from prior date to February 15, 2026; monthly payments due the 15th.
- Obligations secured by substantially all assets of the company; guaranteed by parent EACO Corporation.

## SEC filing metadata
- accession: 0001104659-24-061253
- form_type: 8-K
- ticker: EACO
- cik: 0000784539
- company_name: EACO CORP
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784539/000110465924061253/0001104659-24-061253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784539/000110465924061253/tm2414483d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-061253
- JSON: https://secwatch.observer/filing/0001104659-24-061253.json
- Plain text: https://secwatch.observer/filing/0001104659-24-061253.txt

## Key facts
- Material Agreements
  EACO CORP amended Change in Terms Agreement with Citizens Business Bank valued at increases the principal loan amount under the line of credit to $20,000,000 (effective 2024-04-12).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citizens Business Bank
  - Value: increases the principal loan amount under the line of credit to $20,000,000
  - Effective: 2024-04-12
  source text: On May 10, 2024, Bisco Industries, Inc. (“Bisco”), a wholly-owned subsidiary of EACO Corporation (”EACO,” together with Bisco, the “Company”), executed a Change in Terms Agreement dated as of April 12, 2024 (the “Amendment”) with Citizens Business Bank (the “Lender”) to modify terms of that certain Business Loan Agreement dated as of November 5, 2022 between Bisco and the Lender, as amended (the “Loan Agreement”), which provided the Company with a $15,000,000 line of credit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784539/000110465924061253/0001104659-24-061253-index.htm

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