{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-000311","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.924007+00:00","generated_at":"2026-05-23T12:30:29.487988+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"EDC secures 8th amendment to credit agreement with BOKF; extends loans to July/Sept 2025","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-000311","json":"https://secwatch.observer/filing/0001185185-25-000311.json","markdown":"https://secwatch.observer/filing/0001185185-25-000311.md","text":"https://secwatch.observer/filing/0001185185-25-000311.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518525000311/0001185185-25-000311-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518525000311/educ8k041725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T12:30:29.487988+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}