Air Industries gets Webster Bank waiver on two defaults, extends loan to March 2026

AIR INDUSTRIES GROUP

Webster Bank waived defaults for failing fixed charge coverage ratio Q2 2025 and exceeding FY2025 capex limit.
Maturity date of revolving credit and term loans extended to March 31, 2026.
New financial covenants: minimum fixed charge coverage ratio 1.10x and annual capex cap of $3.3M.
Amendments cost a $40,000 non-refundable fee payable at signing.

item 1.01 item 9.01

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 INDUSTRIES GROUP amended Tenth Amendment to Loan and Security Agreement with Webster Bank (effective 2025-12-15).

Action: amendment
Agreement: credit facility
Counterparty: Webster Bank
Effective: 2025-12-15

Exact text from the filing

On December 15, 2025, we, Air Industries Group, entered into a Tenth Amendment to Loan and Security Agreement with Webster Bank (“Tenth Amendment”).

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AIR INDUSTRIES GROUP filing history →

Source: SEC EDGAR

accession 0001213900-25-122298

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