AMREP Corporation's subsidiary, AMREP Southwest Inc. $(ASW.AU)$, has recently amended its financial agreement with BOKF, NA, operating as Bank of Albuquerque. The new agreement saw ASW entering into the Seventh Modification Agreement and a Second Amended and Restated Revolving Line of Credit Promissory Note with BOKF. These developments have extended the loan's maturity date to August 15, 2028, and increased the borrowing limit by $750,000, bringing the total available amount to $6,500,000. The modifications are intended to support ASW's general corporate purposes.
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