{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-25-000030","form_type":"8-K","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2025-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.947943+00:00","generated_at":"2026-05-20T03:32:27.954929+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Air T subsidiary AAM 24-1 issues up to $100M 8.5% senior secured notes due 2035","bullets":["New Multiple Advance Note replaces prior $30M notes; 8.5% interest, semi-annual, matures May 31, 2035.","At closing $10M additional advanced, total $40M; remaining $60M in six $10M tranches through May 2027.","Collateral unchanged: all capital stock of AAM 24-1 and 320,000 shares of Air T Funding preferred (AIRTP).","Prepayment premiums: 2% if within 1 year, 1% if within 2 years; minimum partial prepayment $1M.","Institutional investors are Honeywell Common Investment Fund and Honeywell International Inc. Master Retirement Trust."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-25-000030","json":"https://secwatch.observer/filing/0000353184-25-000030.json","markdown":"https://secwatch.observer/filing/0000353184-25-000030.md","text":"https://secwatch.observer/filing/0000353184-25-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318425000030/0000353184-25-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318425000030/airt-20250602.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T03:32:27.954929+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":[{"claim_id":"3490522ffbceb5b6d420ed23bf2c6424e29c171f","claim":"AIR T INC incurred senior notes of $100,000,000 with institutional investors at 8.5% maturing May 31, 2035.","evidence_excerpt":"the Issuer agreed to issue and sell a Multiple Advance Senior Secured Note in an aggregate principal amount of up to $100,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/353184/000035318425000030/0000353184-25-000030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100,000,000"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"8.5%"},{"label":"Maturity","value":"May 31, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}