{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-25-000014","form_type":"8-K","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2025-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.982066+00:00","generated_at":"2026-05-26T04:02:18.617192+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Air T subsidiary Mountain Air Cargo enters $2.28M term loan with Bank of America, repays Alerus debt","bullets":["$2.28M variable-rate term loan from Bank of America, matures Feb 21, 2030; monthly principal installments of $9,500.","Interest at Term SOFR plus 1.75%; rate fixed via swap at 5.99448% as of Feb 25, 2025.","Loan secured by mortgage on real property at 5930 Balsom Ridge Road, Denver, NC.","Proceeds used to repay Term Note B with Alerus; Alerus consented via Amendment No. 2.","Covenants include fixed coverage ratio of at least 1.25:1.0, limits on debt and liens."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-25-000014","json":"https://secwatch.observer/filing/0000353184-25-000014.json","markdown":"https://secwatch.observer/filing/0000353184-25-000014.md","text":"https://secwatch.observer/filing/0000353184-25-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318425000014/0000353184-25-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318425000014/airt-20250226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T04:02:18.617192+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"}