Company: AIRTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0000353184-25-000126
Chunk: 48

Company: AIR T INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 48
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6,050 8/28/2027Greater of 5.00% or 1-month SOFR + 1.90%$3,361 RecourseOverline Note - Alerus— — 10/31/2025Greater of 5.00% or 1-month SOFR + 2.00%— RecourseTerm Note A - Alerus9,061 9,827 8/15/20291-month SOFR + 2.00%RecourseTerm Note C - Alerus1,000 — 5/15/2030Greater of 5.00% or 1-month SOFR + 2.25%RecourseTotal26,700 15,877 Contrail DebtRevolver - ONB— 3,127 11/24/20251-month SOFR + 3.56%25,000 Limited recourse2Term Note J - ONB— 8,750 9/12/20281-month SOFR + 3.86%Limited recourse2Total— 11,877 Wolfe Lake DebtTerm Loan - Bridgewater8,921 9,059 12/2/20313.65%Non-recourseTotal8,921 9,059 Air T Acquisition 22.1Term Loan - Bridgewater3,500 3,500 2/8/20274.00%Non-recourseTerm Loan A - ING1,057 1,298 2/1/20273.50%Non-recourseTerm Loan B - ING1,174 1,082 5/1/20274.00%Non-recourseTotal5,731 5,880 WASI DebtPromissory Note - Seller's Note161 398 1/1/20266.00%Non-recourseTotal161 398 

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.

26

AAM 24-1 DebtPromissory Notes - Honeywell40,000 30,000 5/31/20358.50%Non-recourseTotal40,000 30,000 MAC DebtTerm Loan - Bank of America, N.A.2,214 2,271 2/21/20301-month SOFR + 0.11% + 1.75