Jun. 5 at 9:25 PM
$AIRT Air T signs
$100M multi-year financing agreement with institutional investors
Air T announced the renegotiation of a financing agreement involving its wholly owned subsidiary, AAM 24-1. The updated agreement, reached with the company's existing institutional investors, grows the transaction from
$30M to
$100M, extends repayment timelines and increases financial flexibility. As part of the restructuring, Air T and its subsidiary will receive committed, non-recourse capital in scheduled disbursements through 2027, with the full note maturing in 2035.
The extended financing arrangement reinforces the company's investment capacity on a co-investor as well as sole investor basis. This capital will also be allocated to support the growth and strategic initiatives of Crestone Air Partners, a full-service aviation asset management platform, and other Air T subsidiaries.
