{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-24-000108","form_type":"8-K","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2024-08-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.508278+00:00","generated_at":"2026-05-31T06:53:08.861404+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Air T enters $14M secured credit facility with Alerus Financial, replaces prior debt","bullets":["New $14M revolving credit facility plus $10.72M Term Note A and $2.28M Term Note B.","Revolver matures Feb 2026; term loans mature Aug 2029; interest = greater of 5% or SOFR+2%.","Borrowing base limits revolver; financial covenants: debt service coverage ≥1.25x, leverage ≤3.00x.","Proceeds used to repay existing Minnesota Bank & Trust facility; no termination penalties incurred.","Collateral includes substantially all current assets, a brokerage account, and 4.626 acres in NC."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-24-000108","json":"https://secwatch.observer/filing/0000353184-24-000108.json","markdown":"https://secwatch.observer/filing/0000353184-24-000108.md","text":"https://secwatch.observer/filing/0000353184-24-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318424000108/0000353184-24-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318424000108/airt-20240830.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:53:08.861404+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}