EDC secures 8th amendment to credit agreement with BOKF; extends loans to July/Sept 2025

EDUCATIONAL DEVELOPMENT CORP

Revolving loan maturity extended to July 11, 2025; balance to step down to $4.5M by May 31, 2025.
Two term loans extended to September 19, 2025.
Company paid down over $3M in bank debt and reduced payables by $2M, strengthening balance sheet.
Engaged Keen-Summit as broker to sell Hilti Complex; proceeds expected to fully repay revolver and term loans.
Expects limited borrowings post-sale, favorable impact on profitability and cashflow.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.