Educational Development Corp Announces Extension Of Credit Agreement With BOKF; Effective October 3, 2024, Extends The Maturity Date To January 4, 2025 And Includes Required Step Downs On The Revolving Loan To $5.5M By November 30, 2024
Educational Development Corp Announces Extension Of Credit Agreement With BOKF; Effective October 3, 2024, Extends The Maturity Date To January 4, 2025 And Includes Required Step Downs On The Revolving Loan To $5.5M By November 30, 2024
Educational Development Corporation (NASDAQ:EDUC) (the "Company") announced it has executed the Sixth Amendment ("Amendment") to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"). The Amendment, effective October 3, 2024, extends the maturity date to January 4, 2025 and includes required step downs on the Revolving Loan to $5.5 million by November 30, 2024.
教育发展公司（纳斯达克: EDUC）（"公司"）宣布已与BOKF，NA（"放款人"）执行了现有信贷协议的第六修正案（"修正案"）。 该修正案于2024年10月3日生效，将到期日延长至2025年1月4日，并包括在2024年11月30日前将循环贷款的额度降至550万美元的要求步减。
On September 19, 2024 the Company announced the executed Commercial Real Estate Contract ("Contract") with Partner Holdings ("Buyer") for the sale of the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex"). The Contract is expected to be completed by January 4, 2025.
2024年9月19日，公司宣布已与Partner Holdings（"买方"）签订了商业房地产合同（"合同"），以出售位于俄克拉荷马州74146图尔萨南122东街5400-5402号的公司总部和分销仓库（"Hilti综合体"）。 该合同预计将于2025年1月4日完成。
