secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000353184-24-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T issues $15M of 8.5% senior secured notes due 2031 to Honeywell trusts
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- Principal amount $15M; purchase price $14.85M (99% of par); interest 8.5% payable semi-annually.
- Notes mature February 22, 2031; prepayment premium 2% within first year, 1% in second year.
- Collateral: first-priority lien on all capital stock of issuer AAM 24-1, plus 160,000 Alpha Income Trust Preferred Securities.
- Investors: Honeywell Common Investment Fund and Honeywell International Inc. Master Retirement Trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000014/0000353184-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000014/airt-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000353184-24-000014

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