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Air T amends Alerus credit agreement, lifts revolving credit commitment to $25 million
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Air T amends Alerus credit agreement, lifts revolving credit commitment to $25 million
  • 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:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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