AirT announces $100 million multi-year financing agreement with institutional investors

* Air T (NASDAQ:AIRT [https://seekingalpha.com/symbol/AIRT]) announced on Thursday a key financing agreement, involving its wholly owned subsidiary - AAM 24-1, with its existing institutional investors, growing the transaction from $30 million to $100 million, extending repayment timelines and increasing 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 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.
* "This modified financing structure significantly enhances our capital flexibility and allows us to pursue long-term value creation with greater certainty," said Nick Swenson, Chairman and CEO of Air T.

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* Financial information for Air T [https://seekingalpha.com/symbol/AIRT/income-statement]