Educational Development Corporation (EDUC): That's actually long term debt that was...

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Educational Development Corporation (EDUC)

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Re: Schneidku40 post# 37

Friday, 02/10/2017 2:45:15 PM

Friday, February 10, 2017 2:45:15 PM

That's actually long term debt that was converted temporarily to short term. They violated a covenant with the bank, because they had to increase inventory so much to deliver orders. That will switch back to longterm, and they will likely increase their revolving credit line.

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Recent EDUC News

Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 08:49:42 PM
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