---
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"
generated_at: "2026-05-26T04:02:18.617192+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Air T subsidiary Mountain Air Cargo enters $2.28M term loan with Bank of America, repays Alerus debt

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-25-000014
- JSON: https://secwatch.observer/filing/0000353184-25-000014.json
- Plain text: https://secwatch.observer/filing/0000353184-25-000014.txt

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