EACO CORP 8-K

What Happened
EACO Corporation (through its wholly owned subsidiary Bisco Industries, Inc.) filed an 8-K reporting that Bisco and Citizens Business Bank executed a Change in Terms Agreement dated February 15, 2026 that extends a $20,000,000 revolving line of credit. The amendment extends the loan maturity to February 15, 2028 and, effective February 15, 2026, sets the interest rate floor at 4.000% per annum (subject to the maximum lawful rate). On February 27, 2026, EACO executed a Commercial Guaranty agreeing to guarantee Bisco’s payment and performance under the revolving line and related loan documents. The amendment also modifies certain financial reporting covenants in the original Business Loan Agreement dated April 12, 2024; all other terms remain in force.

Key Details

• $20,000,000 revolving line of credit (Loan No. 155354101) with Citizens Business Bank.
• Maturity date extended to February 15, 2028.
• Interest rate floor set at 4.000% per annum, effective February 15, 2026.
• EACO executed a Commercial Guaranty (dated February 15, 2026, executed February 27, 2026) guaranteeing Bisco’s obligations; certain financial reporting covenants were modified.

Why It Matters
This amendment provides Bisco with continued access to a $20M revolving facility, supporting liquidity and working capital needs. At the same time, EACO’s guaranty makes the parent company directly responsible for repayment and performance under the credit facility, which is material to investors because it increases the company’s contingent obligations. The 4.00% interest-rate floor and modified covenants could affect future interest expense and compliance reporting; investors should monitor covenant compliance, borrowings under the facility, and any related disclosures in future filings.