---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-24-000124"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:53:04.616394+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Air T upsizes senior secured notes to $30M at 8.5% with Honeywell investors

## Summary
- Issuer AAM 24-1, LLC issued $30M 8.5% senior secured notes due March 1, 2031 to Honeywell funds.
- New $15M tranche added to existing $15M Original Financing from Feb 2024.
- Interest payable semi-annually at 8.5% on 30/360 basis; prepayment premiums of 2% (Year 1) and 1% (Year 2).
- Collateral includes all Issuer capital stock, existing 160K AIRTP shares, plus 160K newly issued AIRTP shares.
- Maturity extended to March 2031; original notes had Feb 2031 maturity.

## SEC filing metadata
- accession: 0000353184-24-000124
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318424000124/0000353184-24-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318424000124/airt-20241022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-24-000124
- JSON: https://secwatch.observer/filing/0000353184-24-000124.json
- Plain text: https://secwatch.observer/filing/0000353184-24-000124.txt

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