---
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"
generated_at: "2026-05-23T12:30:29.487988+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-000311
- JSON: https://secwatch.observer/filing/0001185185-25-000311.json
- Plain text: https://secwatch.observer/filing/0001185185-25-000311.txt

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