{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-23-000058","form_type":"8-K","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2023-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.808555+00:00","generated_at":"2026-06-14T08:38:42.308201+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Air T subsidiaries amend loan agreements to replace LIBOR with SOFR-based rates","bullets":["Contrail Aviation Support and Leasing amended $38.18M term loan to use 1-month SOFR + 3.11448%.","Revolving credit facility of $25M switched to SOFR + 3.56448%; all other terms unchanged.","AirCo 1 amended $6.39M loan with Park State Bank to use 3-month SOFR + 3.26161%.","No changes to principal amounts, maturity dates, or loan covenants.","Amendments effective May 26, 2023; executed by subsidiaries, not Air T directly."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-23-000058","json":"https://secwatch.observer/filing/0000353184-23-000058.json","markdown":"https://secwatch.observer/filing/0000353184-23-000058.md","text":"https://secwatch.observer/filing/0000353184-23-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318423000058/0000353184-23-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318423000058/airt-20230602.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:38:42.308201+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9bd3b2e8c559d8c7eb79aaff1ff20e3c9ccc0216","claim":"AIR T INC amended Amendment to Main Street Priority Loan Facility Term Loan Agreement with Park State Bank valued at Replaced Three-Month LIBOR benchmark with Three-Month SOFR based rate plus 3.26161%; principal amoun (effective 2023-05-26).","evidence_excerpt":"AirCo 1, LLC, an indirect wholly-owned subsidiary of Air T, Inc., executed an Amendment to Main Street Priority Loan Facility Term Loan Agreement with Park State Bank.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/353184/000035318423000058/0000353184-23-000058-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Park State Bank"},{"label":"Value","value":"Replaced Three-Month LIBOR benchmark with Three-Month SOFR based rate plus 3.26161%; principal amoun"},{"label":"Effective","value":"2023-05-26"}],"fact_type":"material_agreement"},{"claim_id":"f347e3acab30176b80c712e5e69ef1016f2a325a","claim":"AIR T INC amended First Amendment to Supplement #8 to Master Loan Agreement, Fifth Amendment to Supplement #2 to Master Loan Agreement and Fourth Amended and Restated Promissory Note Revolving Note with Old National Bank valued at Replaced LIBOR interest rate with SOFR-based rate; maximum principal amount remains $25,000,000; int (effective 2023-05-26).","evidence_excerpt":"CAS entered into the First Amendment to Supplement #8 to Master Loan Agreement, the Fifth Amendment to Supplement #2 to the Master Loan Agreement and the Fourth Amended and Restated Promissory Note Revolving Note with ONB.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/353184/000035318423000058/0000353184-23-000058-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Old National Bank"},{"label":"Value","value":"Replaced LIBOR interest rate with SOFR-based rate; maximum principal amount remains $25,000,000; int"},{"label":"Effective","value":"2023-05-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}