Educational Development Corporation Announces New Loan Agreement and Banking Relationship
Tulsa, Oklahoma--(Newsfile Corp. - March 11, 2026) - Educational Development Corporation (NASDAQ: EDUC) ("EDC") (http://www.edcpub.com) today announced that the Company has executed a new Credit Agreement ("Loan Agreement") with Regent Bank. The Loan Agreement establishes a revolving promissory note in the principal amount up to $2,000,000 (the "Revolving Loan"). Interest shall be calculated each month on the borrowings outstanding. No funds were initially drawn on the agreement. The Credit...