Educational Development enters $2M revolving credit facility with Regent Bank

EDUCATIONAL DEVELOPMENT CORP

Revolving loan up to $2M with 1-year maturity to March 6, 2027.
Interest at higher of Prime Rate + 2.00% or 7.00%.
Secured by accounts receivable, eligible inventory, fixed assets, and excess land.
Personal guarantee by CEO Craig White as added inducement.
No funds drawn initially; facility described as increased capacity with reduced rates vs prior lender.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EDUCATIONAL DEVELOPMENT CORP entered into Loan Agreement with Regent valued at principal amount up to $2,000,000 (effective 2026-03-06).

Action: entry
Agreement: credit facility
Counterparty: Regent
Value: principal amount up to $2,000,000
Effective: 2026-03-06

Exact text from the filing

On March 6, 2026, Educational Development Corporation (the “Company”) executed a Credit Agreement (“Loan Agreement”) with Regent (the “Lender”). The Loan Agreement establishes a revolving promissory note in the principal amount up to $2,000,000 (the “Revolving Loan”).

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317 material agreements filed in the last 30 days. Browse all material agreements →

EDUCATIONAL DEVELOPMENT CORP filing history →

Source: SEC EDGAR

accession 0001185185-26-000844

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