---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-23-000113"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:15:04.728082+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Air T subsidiary extends $25M revolving credit facility to November 2025

## Summary
- Contrail Aviation Support (79%-owned Air T subsidiary) amended $25M revolver with Old National Bank.
- Maturity extended to November 24, 2025; facility size and interest rate (1M SOFR + 3.56448%) unchanged.
- Change-in-control default provision revised: default triggered if CEO Joe Kuhn (or acceptable CEO) leaves or stops overseeing operations.
- $50,000 renewal fee paid; no new borrowings; terms otherwise substantially the same.

## SEC filing metadata
- accession: 0000353184-23-000113
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318423000113/0000353184-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318423000113/airt-20230905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-23-000113
- JSON: https://secwatch.observer/filing/0000353184-23-000113.json
- Plain text: https://secwatch.observer/filing/0000353184-23-000113.txt

## Key facts
- Material Agreements
  AIR T INC amended Sixth Amendment to Supplement #2 to Master Loan Agreement with Old National Bank (effective 2023-09-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Old National Bank
  - Effective: 2023-09-05
  source text: On August 30, 2023, Contrail Aviation Support, LLC (“CAS”) a 79%-owned subsidiary of Air T, Inc., entered into the Sixth Amendment to Supplement #2 to Master Loan Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/353184/000035318423000113/0000353184-23-000113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.