---
schema_version: "secwatch.filing_event.v1"
accession: "0000014846-22-000044"
form_type: "8-K"
ticker: "BRT"
cik: "0000014846"
company_name: "BRT Apartments Corp."
filed_at: "2022-09-16T23:59:59+00:00"
generated_at: "2026-06-23T09:04:50.983322+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# BRT Apartments amends credit facility: borrowing capacity increased to $60M, term extended to 2025

## Summary
- Borrowing capacity raised from $35M to $60M; working capital sublimit increased from $15M to $25M.
- Term extended from Nov 2024 to Sept 2025; interest rate reduced to prime (floor 3.5%) with 25bp spread eliminated.
- Unencumbered property covenant raised to 3 properties with minimum $75M value; tangible net worth floor set at $140M.
- As of Sept 15, 2022, $7M outstanding, $53M available; one-time fee of ~$346k paid.

## SEC filing metadata
- accession: 0000014846-22-000044
- form_type: 8-K
- ticker: BRT
- cik: 0000014846
- company_name: BRT Apartments Corp.
- filed_at: 2022-09-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14846/000001484622000044/0000014846-22-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14846/000001484622000044/brt-20220915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014846-22-000044
- JSON: https://secwatch.observer/filing/0000014846-22-000044.json
- Plain text: https://secwatch.observer/filing/0000014846-22-000044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.