UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 13, 2006
-----------------------------------------------------------------
BRT REALTY TRUST
----------------
(Exact name of Registrant as specified in charter)
Massachusetts 001-07172 13-2755856
---------------------------------------------------------------------
(State or other (Commission file No.) (IRS Employer
jurisdiction of I.D. No.)
incorporation)
60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
-------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code 516-466-3100
------------
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 1.01 Entry into a Material Definitive Agreement.
On January 13, 2006, the index system utilized for quoting the 30-day LIBOR rate
for registrant's $150 million revolving credit facility with North Fork Bank,
Valley National Bank, Merchants Bank Division, Signature Bank and Manufacturers
and Traders Trust Company, was changed from the Telerate screen to the Bloomberg
system.
Reference is made to our Current Report on Form 8-K filed with the Securities
and Exchange Commission on January 11, 2006, which reports the entry by the
registrant into the $150 million revolving credit facility.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits.
10.1 Letter, dated January 13, 2006, by North Fork Bank
to BRT Realty Trust.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BRT REALTY TRUST
Date: January 16, 2006 By: /s/ Simeon Brinberg
-------------------------
Simeon Brinberg
Senior Vice President and Secretary
EXHIBIT 10.1
North Fork Bank
January 13, 2006
Mr. David W. Kalish
Senior Vice President
BRT Realty Trust
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
RE: Change in LIBOR quote index
Dear Mr. Kalish:
In connection with the recently approved $150,000,000 revolving credit facility
extended to BRT, North Fork Bank hereby elects to change the index system
utilized for quoting the 30-day LIBOR rate from the Telerate Screen to the
Bloomberg system in an effort to provide more efficient and timely quoting. Your
cooperation in this matter is greatly appreciated.
Sincerely,
/s/ Zachary Bermudez
--------------------
Zachary Bermudez
Assistant Vice President
/s/ Walter Malek
--------------------
Walter Malek
Senior Vice President
275 BROADHOLLOW ROAD, MELVILLE, NY 11747, 631.844.1000, FAX 631.694.1536