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.
教育發展公司（納斯達克: EDUC）（"公司"）宣佈已與BOKF，NA（"放款人"）執行了現有信貸協議的第六修正案（"修正案"）。 該修正案於2024年10月3日生效，將到期日延長至2025年1月4日，幷包括在2024年11月30日前將循環貸款的額度降至550萬美元的要求步減。
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，公司宣佈已與Partner Holdings（"買方"）簽訂了商業房地產合同（"合同"），以出售位於俄克拉荷馬州74146圖爾薩南122東街5400-5402號的公司總部和分銷倉庫（"Hilti綜合體"）。 該合同預計將於2025年1月4日完成。
