---
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"
generated_at: "2026-05-20T03:32:27.954929+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Air T subsidiary AAM 24-1 issues up to $100M 8.5% senior secured notes due 2035

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-25-000030
- JSON: https://secwatch.observer/filing/0000353184-25-000030.json
- Plain text: https://secwatch.observer/filing/0000353184-25-000030.txt

## Key facts
- Debt Financings
  AIR T INC incurred senior notes of $100,000,000 with institutional investors at 8.5% maturing May 31, 2035.
  - Instrument: senior notes
  - Principal: $100,000,000
  - Counterparty: institutional investors
  - Rate: 8.5%
  - Maturity: May 31, 2035
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/353184/000035318425000030/0000353184-25-000030-index.htm

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