secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0000353184-25-000104
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T amends credit agreements: revolver upsized to $20M, covenants streamlined, overline eliminated
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- Revolving credit commitment increased to $20M; maturity extended to August 28, 2027.
- Term Note A amended to $9.19M; interest rate set at SOFR+2.00% with swap fixing at 5.62%; maturity Aug 15, 2029.
- Overline note provisions eliminated; financial covenants now measured semi-annually at Dec and Mar.
- Interest rate on revolver lowered to 1-month SOFR+1.90%.
- All borrowings remain secured; Air T reaffirms its guarantees and pledges.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000104/0000353184-25-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000104/airt-20250905.htm
  HTML page:      https://secwatch.observer/filing/0000353184-25-000104

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