secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2026-06-16T20:42:51+00:00
Accession:  0000353184-26-000045
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T completes Arena acquisition for $21.75M cash; Blue Owl invests $21.7M in Crestone Air Partners
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- Acquired 100% of Arena Aviation Partners B.V. for $21.75M cash through Crestone Air Partners (CAP).
- Bought out MRC's 10% stake in CAM for $6.2M ($3.1M from Air T and $3.1M from AGI).
- Blue Owl Capital contributed $21.7M cash for Class B Preferred Units in CAP; Air T added $50k for Class A Common.
- Contingent consideration up to ~$23M based on future servicing agreement collections.
- Secured $2.8M overline credit from Alerus, maturing Oct 15, 2026, at SOFR+2.5% (floor 5%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000045/0000353184-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000045/airt-20260616.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000045

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