---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-091783"
form_type: "8-K"
ticker: "AXR"
cik: "0000006207"
company_name: "AMREP CORP."
filed_at: "2022-08-16T23:59:59+00:00"
generated_at: "2026-06-23T23:36:54.487246+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# AMREP subsidiary increases revolving credit facility to $5.75M, extends maturity to 2025

## Summary
- Maximum borrowing under line increased by $1.75M to $5.75M; maturity extended to August 15, 2025.
- Interest rate changed to one-month Term SOFR plus 3.15%, adjusted monthly.
- Borrowing is for general corporate purposes; ASW must maintain at least $3M liquidity to draw.
- Lender commitment fee of $4,375 paid; loan secured by mortgage on Sandoval County, NM property.

## SEC filing metadata
- accession: 0001104659-22-091783
- form_type: 8-K
- ticker: AXR
- cik: 0000006207
- company_name: AMREP CORP.
- filed_at: 2022-08-16T23:59:59+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/6207/000110465922091783/0001104659-22-091783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6207/000110465922091783/tm2223581d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-091783
- JSON: https://secwatch.observer/filing/0001104659-22-091783.json
- Plain text: https://secwatch.observer/filing/0001104659-22-091783.txt

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