Air T amends Alerus credit agreement, lifts revolving credit commitment to $25 million

Reuters2026/09/04 20:34

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Air T entered Amendment No. 7 to its Alerus credit agreement, lifting the revolving credit commitment to $25 million.
Revolving credit termination set for Aug. 27, 2029; temporary overline commitment ended.
Accordion feature allows up to $3.5 million extra revolver for one 120-day period each fiscal year, subject to conditions.
Revolving Note interest floors at 5% or one-month term SOFR plus margin; unused commitment fee set at 0.25%.
Consolidated Term Note sized at $11.46 million; principal due monthly through Aug. 15, 2031, with final maturity Aug. 27, 2031.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Air T Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000353184-26-000098), on September 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Air T amends Alerus credit agreement, lifts revolving credit commitment to $25 million

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