{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-213518","form_type":"8-K","ticker":null,"cik":"0000894081","company_name":"Air Transport Services Group, Inc.","filed_at":"2023-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.913316+00:00","generated_at":"2026-06-11T09:50:53.301080+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ATSG issues $400M convertible notes at 3.875%, uses proceeds to repurchase stock and retire 2024 notes","bullets":["Issued $400M aggregate principal of 3.875% convertible senior notes due 2029; conversion price approx. $31.96 per share.","Used $118.5M of net proceeds to repurchase 5,435,777 common shares, including 1,177,000 from Amazon.","Used $204M to repurchase $204.5M of 2024 convertible notes in privately-negotiated transactions.","Entered into agreements to unwind existing call spread transactions, receiving net approx. $1.27M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-213518","json":"https://secwatch.observer/filing/0001193125-23-213518.json","markdown":"https://secwatch.observer/filing/0001193125-23-213518.md","text":"https://secwatch.observer/filing/0001193125-23-213518.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894081/000119312523213518/0001193125-23-213518-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894081/000119312523213518/d763607d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:50:53.301080+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"227deb934a769559a599153a4641af34aab4fbf1","claim":"Air Transport Services Group, Inc. incurred convertible notes of $400 million aggregate principal amount with Truist Securities, Inc. and Oppenheimer & Co. Inc., as representatives of the initial purchasers at 3.875% maturing August 15, 2029.","evidence_excerpt":"On August 14, 2023, the Company issued a total of $400 million aggregate principal amount of the notes to the Initial Purchasers pursuant to the Purchase Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/894081/000119312523213518/0001193125-23-213518-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$400 million aggregate principal amount"},{"label":"Counterparty","value":"Truist Securities, Inc. and Oppenheimer & Co. Inc., as representatives of the initial purchasers"},{"label":"Rate","value":"3.875%"},{"label":"Maturity","value":"August 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"18270bf2178cec262cf280d69930352b1485fff2","claim":"Air Transport Services Group, Inc. entered into Purchase Agreement with Truist Securities, Inc. and Oppenheimer & Co. Inc., as representatives of the initial purchasers valued at $350 million aggregate principal amount (effective 2023-08-09).","evidence_excerpt":"On August 9, 2023, Air Transport Services Group, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with Truist Securities, Inc. and Oppenheimer & Co. Inc., as representatives of the initial purchasers named therein (collectively, the “Initial Purchasers”), relating to the sale by the Company of $350 million aggregate principal amount of the Company’s 3.875% convertible senior notes due 2029","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894081/000119312523213518/0001193125-23-213518-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Truist Securities, Inc. and Oppenheimer & Co. Inc., as representatives of the initial purchasers"},{"label":"Value","value":"$350 million aggregate principal amount"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"},{"claim_id":"57fbbd6a2e66a85c26c53865067f33bad8b98377","claim":"Air Transport Services Group, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee (effective 2023-08-14).","evidence_excerpt":"On August 14, 2023, the Company entered into an indenture relating to the issuance of the notes (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894081/000119312523213518/0001193125-23-213518-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Effective","value":"2023-08-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}