Air T, Inc. announced on June 5, 2025, the successful renegotiation of a key financing agreement for its wholly-owned subsidiary, AAM 24-1, LLC. The new Third Note Purchase Agreement, secured on May 30, 2025, provides for a Multiple Advance Senior Secured Note of up to $100 million.
This updated agreement significantly expands the transaction from its previous $30 million to $100 million, extends repayment timelines, and enhances the company's financial flexibility. An initial $40 million has already been advanced, with an additional $60 million committed in $10 million increments through May 30, 2027.
This major financing event is highly significant for investors as it provides substantial capital for reinvestment, bearing an 8.50% annual interest rate and maturing in May 2035. It bolsters Air T's liquidity and capital structure, enabling the company to fund its strategic growth initiatives and manage its debt load effectively.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.