EDC Secures Credit Agreement Extension with BOKF Until September 2025

Reuters

Aug 13

EDC Secures Credit Agreement Extension with BOKF Until September 2025

Educational Development Corporation has announced the execution of the Ninth Amendment to its existing credit agreement with BOKF, NA. This amendment, effective from July 11, 2025, extends the maturity date on the company's revolving loan to September 19, 2025. According to Craig White, the CEO, this extension aligns the maturity date of the revolving loan with those of the company's term loans related to real estate. The company is exploring various solutions to pay off its line of credit, including potential sales or refinancing of the Hilti Complex. Despite these ongoing efforts, Educational Development Corporation continues to meet its principal and interest obligations on both the revolving loan and term loans. The company expressed gratitude towards its banking partners for their support and patience.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EDC - Educational Development Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-25-000946), on August 12, 2025, and is solely responsible for the information contained therein.

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This amendment, effective from July 11, 2025, extends the maturity date on the company's revolving loan to September 19, 2025. According to Craig White, the CEO, this extension aligns the maturity date of the revolving loan with those of the company's term loans related to real estate. The company is exploring various solutions to pay off its line of credit, including potential sales or refinancing of the Hilti Complex. Despite these ongoing efforts, Educational Development Corporation continues to meet its principal and interest obligations on both the revolving loan and term loans. The company expressed gratitude towards its banking partners for their support and patience.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: 0001185185-25-000946), on August 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4159","symbol_name":"经销商","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250812:nNDL3KQZDd:1","article_id":"2559219636","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559219636","pubTimestamp":1755029840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Educational Development Corporation has announced the execution of the Ninth Amendment to its existing credit agreement with BOKF, NA. This amendment, effective from July 11, 2025, extends the maturity date on the company's revolving loan to September 19, 2025. According to Craig White, the CEO, this extension aligns the maturity date of the revolving loan with those of the company's term loans related to real estate. The company is exploring various solutions to pay off its line of credit, including potential sales or refinancing of the Hilti Complex. Despite these ongoing efforts, Educational Development Corporation continues to meet its principal and interest obligations on both the revolving loan and term loans. 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