---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-080281"
form_type: "8-K"
ticker: "AXR"
cik: "0000006207"
company_name: "AMREP CORP."
filed_at: "2025-08-19T23:59:59+00:00"
generated_at: "2026-05-17T11:38:02.326228+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AMREP subsidiary increases revolving credit line to $6.5M and extends maturity to 2028

## Summary
- Seventh Modification Agreement raises maximum borrowing by $750k to $6.5M.
- Maturity date extended to August 15, 2028.
- Loan secured by mortgage on Sandoval County, New Mexico real property.
- Interest rate set at Term SOFR plus 315 basis points; advances require minimum $3M liquidity.
- Borrower paid a $14,375 loan fee and customary costs.

## SEC filing metadata
- accession: 0001104659-25-080281
- form_type: 8-K
- ticker: AXR
- cik: 0000006207
- company_name: AMREP CORP.
- filed_at: 2025-08-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6207/000110465925080281/0001104659-25-080281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6207/000110465925080281/tm2523860d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-080281
- JSON: https://secwatch.observer/filing/0001104659-25-080281.json
- Plain text: https://secwatch.observer/filing/0001104659-25-080281.txt

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