Brief: Educational Development Corp Announces Eighth Amendment To Loan Agreement Which Reduces Borrowing Rate
21/06/2018 21:42
June 21 (Reuters) - Educational Development Corp EDUC.O :
* EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES EIGHTH
AMENDMENT
TO LOAN AGREEMENT WHICH REDUCES BORROWING RATE AND RELEASES
GUARANTY
* EDUCATIONAL DEVELOPMENT - AMENDMENT MODIFIES LOAN
AGREEMENT,
EXTENDING TERMINATION DATE UNTIL AUGUST 15, 2019
* EDUCATIONAL DEVELOPMENT - AMENDMENT ESTABLISHES NEW $3
MILLION
ADVANCING TERM LOAN TO BE USED FOR CAPITAL EXPENDITURES TO
INCREASE DAILY SHIPPING CAPACITY
Source text for Eikon: ID:nGNX9gNwSS
Further company coverage: EDUC.O
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