secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0000353184-25-000135
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T secures $6M term loan and $15M revolver from Alerus Financial
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- 22.1 subsidiary obtains $6M term loan due Nov 2032 at greater of 5% or 1.9%+SOFR; proceeds repay $3.5M Bridgewater Bank loan.
- Contrail entities obtain $15M revolving credit facility at SOFR+3.11%, interest-only, maturing Nov 2027.
- Loans secured by assets, membership interests, 200,000 AIRTP shares, and Air T, Inc. investment account.
- Air T, Inc. provides up to $2M payment guaranty for Contrail facility; term loan requires $857,142.86 annual principal starting Sept 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000135/0000353184-25-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000135/airt-20251201.htm
  HTML page:      https://secwatch.observer/filing/0000353184-25-000135

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