Reuters logo
BRIEF-Scholastic Corp and its principal operating subsidiary, Scholastic Inc entered into 5-year credit agreement on Jan. 5, 2017
January 6, 2017 / 9:30 PM / a year ago

BRIEF-Scholastic Corp and its principal operating subsidiary, Scholastic Inc entered into 5-year credit agreement on Jan. 5, 2017

Jan 6 (Reuters) - Scholastic Corp :

* Scholastic Corp - on January 5, 2017, co and its principal operating subsidiary, Scholastic Inc., entered into a 5-year credit agreement - sec filing

* Scholastic Corp - credit agreement is in place of corp’s existing credit agreement and has reduced borrowing limit to $375 million from $425 million

* Scholastic- ‘starter’ basket for permitted payments of dividends, other payments in respect of capital stock increased to $275 million under agreement

* Scholastic Corp - under agreement, maturity date has been extended to January 5, 2022 Source text (bit.ly/2i1CWkK) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below