---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-26-000844"
form_type: "8-K"
ticker: "EDUC"
cik: "0000031667"
company_name: "EDUCATIONAL DEVELOPMENT CORP"
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T15:15:50.162466+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-26-000844
- form_type: 8-K
- ticker: EDUC
- cik: 0000031667
- company_name: EDUCATIONAL DEVELOPMENT CORP
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31667/000118518526000844/0001185185-26-000844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518526000844/educ8k031126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-26-000844
- JSON: https://secwatch.observer/filing/0001185185-26-000844.json
- Plain text: https://secwatch.observer/filing/0001185185-26-000844.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/31667/000118518526000844/0001185185-26-000844-index.htm

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