secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMREP CORP. (AXR)
CIK:        0000006207
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001104659-25-080281
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6207/000110465925080281/0001104659-25-080281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6207/000110465925080281/tm2523860d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-080281

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