8-K/A
filed May 10, 2024, 7:59 PM ET
CIK 0000894081
other material
confidence high
sentiment positive
materiality 0.85
ATSG to operate 10+ B767s for Amazon, extends warrants and caps Amazon ownership at 39.999%
Air Transport Services Group, Inc.
- Third Amended ATSA: ATSG will sublease/operate 10 B767 freighters from Amazon, with option for 10 more.
- First aircraft enters service June 2024; remaining deliveries by November 2024. Initial term through May 2029, extendable 5 years.
- Amended and restated Warrant-C (14.8M shares) and 2020 Subsequent Warrant (7.0M shares) extended to December 20, 2029.
- New 2024 Subsequent Warrant for 2.915M shares at $12.9658, vesting in tranches tied to flight hours; Third Subsequent Warrant for 2.915M shares to be issued later.
- Second Amended Stockholders Agreement caps Amazon beneficial ownership at 39.999% excluding unexercised warrants.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Air Transport Services Group, Inc. entered into Second Amended and Restated Stockholders Agreement with Amazon.com, Inc. (effective 2024-05-06).
- Action
- entry
- Counterparty
- Amazon.com, Inc.
- Effective
- 2024-05-06
Exact text from the filing
On May 6, 2024, ATSG and Amazon entered into that certain Second Amended and Restated Stockholders Agreement (the “ 2 nd A&R Stockholder Agreement ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Air Transport Services Group, Inc. amended Supplement and Amendment to 2018 Investment Agreement with Amazon.com, Inc. (effective 2024-05-06).
- Action
- amendment
- Counterparty
- Amazon.com, Inc.
- Effective
- 2024-05-06
Exact text from the filing
On May 6, 2024, ATSG and Amazon entered into that certain Supplement and Amendment to 2018 Investment Agreement (the “ 2018 Investment Agreement Amendment ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Air Transport Services Group, Inc. amended amended and restated Warrant-C with Amazon.com, Inc. (effective 2024-05-06).
- Action
- amendment
- Counterparty
- Amazon.com, Inc.
- Effective
- 2024-05-06
Exact text from the filing
(“ ATSG ”) filed a Form 8-K to report certain transactions with Amazon.com, Inc. (“ Amazon ”) and Amazon.com Services LLC (“ ASL ”). At the time ATSG filed the Form 8-K, certain exhibits were not available for filing.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Air Transport Services Group, Inc. amended Amendment to 2016 Investment Agreement and Participation Notice and Acknowledgement with Amazon.com, Inc. (effective 2024-05-06).
- Action
- amendment
- Counterparty
- Amazon.com, Inc.
- Effective
- 2024-05-06
Exact text from the filing
On May 6, 2024, ATSG and Amazon entered into that certain Amendment to 2016 Investment Agreement and Participation Notice and Acknowledgement (the “ 2016 Investment Agreement Amendment ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Air Transport Services Group, Inc. entered into Third Amended and Restated Air Transportation Services Agreement with Amazon.com Services LLC (effective 2024-05-06).
- Action
- entry
- Counterparty
- Amazon.com Services LLC
- Effective
- 2024-05-06
Exact text from the filing
On May 6, 2024, ATSG, through its subsidiary, Airborne Global Solutions, Inc., entered into a Third Amended and Restated Air Transportation Services Agreement (the “ 3rd A&R ATSA ”) with ASL
View on SEC.gov
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