Air T amends Alerus credit agreement, adds USD 2.8 million overline revolving loan commitment

Air T, Inc.

Air T, Inc.

AIRT

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  • Air T entered Amendment No. 6 to its Alerus credit agreement on June 15, 2026, adding a temporary overline revolving credit commitment.
  • Overline loans can total up to USD 2.8 million outstanding, capped by the amount borrowing base exceeds total usage.
  • The overline commitment ends on Oct. 15, 2026, unless terminated earlier under the credit agreement.
  • Borrowings are evidenced by a USD 2.8 million Overline Note, with interest at the greater of 5% or 1-month term SOFR + 2.5%.
  • Air T reaffirmed its existing guaranty and pledged collateral in support of the amended Alerus facility.


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: 0000353184-26-000045), on June 16, 2026, and is solely responsible for the information contained therein.

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