Educational Development Corporation Announces Seventh Amendment to Loan Agreement Which Allows Company to Pay Dividends
Educational Development Corporation (EDUC)
US:NASDAQ Investor Relations:
edcpub.com/investors.aspx
Company Research
Source: GlobeNewswire
TULSA, Okla., Feb. 22, 2018 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) today announced the execution of the Seventh Amendment to Loan Agreement. Randall White, CEO of Educational Development Corporation, announced that the Company has executed the Seventh Amendment to the Loan Agreement with its primary lender. The Amendment modifies the existing loan agreement to allow the Company to reinstate its past practice of paying dividends, subject to certain limiting restrictions. Per Mr. White, “During the past twenty-four months we have executed several amendments to our Loan Agreement with our bank to provide the needed working capital borrowings to fund our rapid growth. Certain restrictions were made with each increased borrowing amount; such as the agreement to discontinue paying dividends, which was made with the Fourth Amendment a year ago. Since that time, we have made several operational and working capital impro
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EDUC
News
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
EDUC
Sec Filings
- 3/12/24 - Form 8-K
- 2/14/24 - Form SC
- 2/14/24 - Form SC
- EDUC's page on the SEC website