{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000856","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2023-08-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.242728+00:00","generated_at":"2026-06-11T08:05:28.790513+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"EDC amends credit agreement; maturity extended to Jan 2024, commitment reduced to $4M","bullets":["Revolving commitment steps down from $13.5M (Aug 2023) to $4.0M by Jan 31, 2024.","Company must list 10302 E 55th Pl, Tulsa for sale by Aug 18, 2023 under the amendment.","CEO states old building appraised at $5.1M; Hilti Complex appraised at ~$40M.","Expected inventory ~$53M at fiscal year-end; expected bank debt ~$36M by Jan 2024.","Contingent upon default, Company must list 5402 S 122nd Ave for sale within 15 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000856","json":"https://secwatch.observer/filing/0001185185-23-000856.json","markdown":"https://secwatch.observer/filing/0001185185-23-000856.md","text":"https://secwatch.observer/filing/0001185185-23-000856.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518523000856/0001185185-23-000856-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518523000856/edc20230816_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:05:28.790513+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b9e629567046d45788d85527f12b20c277b5009","claim":"EDUCATIONAL DEVELOPMENT CORP entered into Third Amendment to the Existing Credit Agreement with BOKF, NA valued at Revolving loan commitment steps down from $13,500,000 to $4,000,000; maturity extends to January 31, (effective 2023-08-09).","evidence_excerpt":"Effective August 9, 2023, Educational Development Corporation (the “Company”) executed the Third Amendment to the Existing Credit Agreement (“Amendment”) with BOKF, NA (the “Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31667/000118518523000856/0001185185-23-000856-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BOKF, NA"},{"label":"Value","value":"Revolving loan commitment steps down from $13,500,000 to $4,000,000; maturity extends to January 31,"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}