Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 82

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 82
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444 9,827 8/15/2029Greater of 5.00% or 1-month SOFR + 2.00%RecourseTerm Note C - Alerus1,038 — 5/15/2030Greater of 5.00% or 1-month SOFR + 2.25%RecourseTotal23,406 15,877 Contrail DebtRevolver - ONB18 3,127 11/24/20251-month SOFR + 3.56%24,982 Limited recourse2Term Note J - ONB8,125 8,750 9/12/20281-month SOFR + 3.86%Limited recourse2Total8,143 11,877 Wolfe Lake DebtTerm Loan - Bridgewater8,989 9,059 12/2/20313.65%Non-recourseTotal8,989 9,059 Air T Acquisition 22.1Term Loan - Bridgewater3,500 3,500 2/8/20274.00%Non-recourseTerm Loan A - ING1,231 1,298 2/1/20273.50%Non-recourseTerm Loan B - ING1,172 1,082 5/1/20274.00%Non-recourseTotal5,903 5,880 WASI DebtPromissory Note - Seller's Note280 398 1/1/20266.00%Non-recourseTotal280 398 AAM 24-1 DebtPromissory Notes - Honeywell40,000 30,000 5/31/20358.50%Non-recourseTotal40,000 30,000 

1 Does not include $13.0 million held by wholly-owned subsidiaries of the Company.

2 Includes Air T's guarantee of approximately $1.6 million.

28

MAC DebtTerm Loan - Bank of America, N.A.2,242 2,271 2/21/20301-month SOFR + 0.11% + 1.75%Non-recourseTotal2,242 2,271 Total Debt124,413 110,704 Unamortized Premiums and Debt Issuance Costs(571)(379)Total Debt, net$123,842 $110,325 At June 30, 2025, our contractual financing obligations, including payments due