---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-26-000098"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2026-09-04T20:33:24+00:00"
generated_at: "2026-09-04T20:36:04.514538+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000353184-26-000098
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2026-09-04T20:33:24+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318426000098/0000353184-26-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318426000098/airt-20260904.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-26-000098
- JSON: https://secwatch.observer/filing/0000353184-26-000098.json
- Plain text: https://secwatch.observer/filing/0000353184-26-000098.txt

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