<a href="https://laohu8.com/S/AIRT">Air T</a> Inc. Secures New Term Loan and Revolving Credit Facility with Alerus Financial
Air T Inc. and its subsidiaries, including Air T Acquisition 22.1, LLC and Contrail Aviation Services, LLC, have entered into new financing agreements with Alerus Financial, National Association. On November 24, 2025, 22.1 secured a $6 million term loan from Alerus, with proceeds used to repay an existing $3.5 million loan from Bridgewater Bank. The new loan matures on or before November 24, 2032, carries an interest rate of the greater of 5.0% or 1.90% plus the CME one-month term SOFR rate, and requires annual principal payments beginning September 2026. The loan is secured by all assets and membership interests of 22.1, 200,000 shares of Air T Funding Trust Preferred Securities, and an investment account of Air T, Inc. The agreement includes various affirmative and negative covenants, as well as change of control restrictions.
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