---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000959"
form_type: "8-K"
ticker: "EDUC"
cik: "0000031667"
company_name: "EDUCATIONAL DEVELOPMENT CORP"
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:38:46.262621+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EDUC extends credit facility to Jan 2025; steps down to $5.5M, ties to HQ sale payoff

## Summary
- Sixth Amendment to Credit Agreement with BOKF extends maturity to January 4, 2025.
- Revolving Loan commitment reduced to $5.5 million effective November 30, 2024.
- Sale of Hilti Complex headquarters to Partner Holdings expected to close by January 4, 2025.
- Sale proceeds expected to fully repay revolver and term loans, eliminating debt and interest.
- CEO Craig White expects favorable impact on profitability and cashflow post-sale.

## SEC filing metadata
- accession: 0001185185-24-000959
- form_type: 8-K
- ticker: EDUC
- cik: 0000031667
- company_name: EDUCATIONAL DEVELOPMENT CORP
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31667/000118518524000959/0001185185-24-000959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518524000959/edc20241007_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000959
- JSON: https://secwatch.observer/filing/0001185185-24-000959.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000959.txt

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