UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENTREPORT
PURSUANT TO SECTION 13 OR 15(d) OFTHE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 22, 2006
-------------------------------
AMREP CORPORATION
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Oklahoma 1-4702 59-0936128
- --------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
212 Carnegie Center, Suite 302, Princeton, New Jersey 08540
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (609) 716-8200
-----------------------------
Not Applicable
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions (see General Instruction A.2 .below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.02. Termination of a Material Definitive Agreement.
As reported in a Current Report on Form 8-K filed by the Registrant on
September 21, 2006, on September 18, 2006 the Registrant's AMREP Southwest Inc.
subsidiary established a $25 million credit facility with Compass Bank. The
subsidiary had a pre-existing $10 million credit facility with Wells Fargo Bank,
National Association which was reported in a Current Report on Form 8-K filed by
the Registrant on May 11, 2005. On September 22, 2006, the subsidiary terminated
the Wells Fargo credit facility. No material penalty or other cost or charge was
incurred in connection with the termination.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMREP CORPORATION
-----------------
(Registrant)
By: /s/Peter M. Pizza
-----------------
Peter M. Pizza
Vice President and
Chief Financial Officer
Date: September 25, 2006
-----------------------