debt
confidence high
sentiment neutral
materiality 0.45
Air Industries extends bank credit line maturity to April 30, 2027; subordinated notes due May 1, 2027
AIR INDUSTRIES GROUP
- Thirteenth Amendment to the Loan and Security Agreement extends the revolving credit and term loan maturity by four months, from November 30, 2026 to April 30, 2027.
- Separate agreements with holders of Air Industries' Subordinated Notes push the notes' due date out to May 1, 2027.
- Air Industries (NYSE American: AIRI) is a Tier 1 maker of precision aerospace/defense assemblies and a prime contractor to the U.S. Department of Defense.
- Release disclosed no outstanding balances, pricing changes, fees, or lender concessions tied to the extensions.