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Air T expands Alerus revolving line to $25 million, extends facility through 2029

9/7/2026

7 to the Alerus Credit Agreement, effective September 1, gives $AIRT a $25.0 million revolving commitment, up from $20.0 million, and extends the facility to August 27, 2029.

Nine Air T subsidiaries and affiliates signed as borrowers alongside the parent, which acts as loan party agent and guarantor. The full documentation is filed as exhibits to the September 4 Form 8-K.

Borrowing base and operational mechanics The revised borrowing base ties available credit directly to inventory levels and receivables quality across the Air T subsidiary network.

Alerus Financial, National Association is now lending against 85% of eligible investment-grade accounts, 80% of other eligible accounts, 50% of eligible inventory, and 40% of eligible work-in-process inventory.