Educational Development Repays Debt, Ends Credit Agreement
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Educational Development Corporation (EDUC) has fully repaid its outstanding debt and terminated its Credit Agreement with BOKF, NA, using proceeds from the sale of its headquarters for $32.2 million. This move eliminates bank borrowings, improves cash flow by $1 million annually, and strengthens its financial position. The latest analyst rating for EDUC stock is a Hold with a $1.50 price target. Spark's AI Analyst rates EDUC as Neutral, citing significant financial challenges despite some positive momentum in technical indicators. Educational Development specializes in children's books and operates through 4,000 retail outlets.
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