Company: AIRTP
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0000353184-25-000009
Chunk: 48

Company: AIR T INC
Filing Date: 2025-02-12
Form: 10-Q
Item: Item 8
Chunk 48
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2/28/20263Greater of 5.00% or 1-month SOFR + 2.00%$4,887 RecourseTerm Note A - Alerus10,210 — 8/15/2029Greater of 5.00% or 1-month SOFR + 2.00%RecourseTerm Note B - Alerus2,250 — 8/15/2029Greater of 5.00% or 1-month SOFR + 2.00%RecourseTotal21,573 — Contrail DebtRevolver - ONB7,048 3,476 11/24/20251-month SOFR + 3.56%$17,952 Limited recourse4Term Loan G - ONB— 14,918 11/24/20251-month SOFR + 3.11%Limited recourse4Term Note I - ONB— 10,000 9/28/20251-month SOFR + 3.11%Limited recourse4Term Note J - ONB9,375 — 9/12/20281-month SOFR + 3.86%Limited recourse4Total16,423 28,394 AirCo 1 DebtTerm Loan - PSB4,475 5,434 12/11/20253-month SOFR + 3.26%Non-recourseTotal4,475 5,434 Wolfe Lake DebtTerm Loan - Bridgewater9,128 9,327 12/2/20313.65%Non-recourseTotal9,128 9,327 Air T Acquisition 22.1Term Loan - Bridgewater4,000 4,000 2/8/20274.00%Non-recourseTerm Loan A - ING1,402 1,946 2/1/20273.50%Non-recourseTerm Loan B - ING1,039 1,081 5/1/20274.00%Non-recourseTotal6,441 7,027 WASI DebtPromissory Note - Seller's Note513 849 1/1/20266.00%Non-recourseTotal513 849 AAM 24-1 DebtPromissory Notes - Honeywell30,000 15,000 3/1/20318.50%Non-recourseTotal30,000 15,000 Total Debt123