Air T amends Alerus credit facility: revolver raised to $25M, term loans consolidated

AIR T INC

Revolving credit commitment increased from $20M to $25M; maturity extended to Aug 27, 2029.
Consolidated Term Note of $11.46M consolidates Term Loan A, C, and overline loans; monthly payments $95,500 through Aug 2029, then $119,375 through Aug 2031.
Borrowing base revised: 85% investment-grade accounts, 80% other accounts, 50% inventory, 40% WIP; inventory+WIP capped at 75% of base.
Accordion option: up to $3.5M for one 120-day period per fiscal year, with 0.50% origination fee.
Interest: SOFR + margin (initial 2.50%, range 2.25-2.75%); leverage ratio max 3.00:1.00; unused fee 0.25%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.