BRT Realty Trust Announces Amendment to Its Revolving Credit Facility to Increase Facility to $30 Million and to Extend Maturity.Business Editors GREAT NECK, N.Y.--(BUSINESS WIRE)--June 10, 2003 BRT BRT Bus Rapid Transit BRT Business Roundtable BRT Brightness BRT Be Right There (chat) BRT Bruttoregistertonnen (German: Gross Register Tons) BRT Biratnagar (Nepal) REALTY TRUST (NYSE NYSE See: New York Stock Exchange : BRT) announced that it consummated an amendment to its existing $15 million secured credit facility with North Fork Bank North Fork Bank was an American bank headquartered in Melville, New York purchased by Capital One at the end of 2006 for $14.6 billion U.S. dollars. It was only the second bank bought by Capital One, and was the larger of two acquisitions comprising Capital One's 2005-06 expansion . The principal features of the amendment are an increase in the maximum borrowing amount from $15 million to $30 million and an extension of the maturity date from August 1, 2004 to June 1, 2006. Commenting on the closing Jeffrey A. Gould, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of BRT, noted that the amended credit facility affords BRT the flexibility to expand its business activities. BRT Realty Trust is a mortgage-oriented real estate investment trust. Certain statements in this press release may be regarded as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, fluctuations in interest rates, levels of competition, the effect of government regulation, the availability of capital and changes in general and local economic and real estate market conditions. |
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