Financing ·
Air T, Inc. and its subsidiaries entered into Amendment No. 7 to their credit agreement with Alerus Financial on…
AIRTPAir T Inc
Air T, Inc. and its subsidiaries entered into Amendment No. 7 to their credit agreement with Alerus Financial on September 1, 2026. The amendment increases the revolving credit commitment from $20.0 million to $25.0 million and extends the termination date to August 27, 2029. It also consolidates existing term loans into a new Consolidated Term Note with an original principal amount of $11.46 million, requiring monthly principal payments starting at $95,500 through August 2029 and increasing to $119,375 thereafter, with all remaining principal due on August 27, 2031. The borrowing base was revised to include specific percentages of eligible accounts and inventory. Air T operates in the aviation ground support equipment leasing industry.