secwatch.observer — SEC 8-K summary
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Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0000014846-23-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRT Apartments amends credit facility: interest rate switches from prime to SOFR, current rate 7.82%
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- Interest rate changes to 1-month SOFR plus 250 bps, with a 6.0% floor, effective August 22, 2023.
- As of August 29, 2023, the annual rate under the facility was 7.82%.
- Outstanding balance under the loan documents is $0.00 at the time of amendment.
- No events of default; borrower reaffirms representations and warranties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000035/0000014846-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000035/brt-20230829.htm
  HTML page:      https://secwatch.observer/filing/0000014846-23-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer