secwatch.observer — SEC 8-K summary
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Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001213900-25-122298
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000121390025122298/0001213900-25-122298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000121390025122298/ea0269971-8k_airindus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-122298

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