{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-24-000114","form_type":"8-K","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2024-09-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.508681+00:00","generated_at":"2026-05-31T04:06:01.205172+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Air T subsidiary purchases two Airbus aircraft for >$18M; secures $10M term loan from Old National Bank","bullets":["CASP Leasing I (95%-owned) bought an A320 and A321 for over $18 million on Sept 12, 2024.","Financed via $10M Term Note J from Old National Bank at 1-month SOFR + 3.8648%, maturing Sept 12, 2028.","Loan requires monthly principal payments of ~$208,333 plus interest; covenants: min Tangible Net Worth $15M, quarterly cash flow coverage ≥1.25x.","Also executed Fifth Amendment to Master Loan Agreement and subordination agreement with OCAS, Inc. regarding $4.57M promissory note."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-24-000114","json":"https://secwatch.observer/filing/0000353184-24-000114.json","markdown":"https://secwatch.observer/filing/0000353184-24-000114.md","text":"https://secwatch.observer/filing/0000353184-24-000114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318424000114/0000353184-24-000114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318424000114/airt-20240918.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T04:06:01.205172+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"}