Air T lifts revolving credit to $25M in Alerus deal
What's the deal? Air TDealroom has a profile for this one. Try Dealroom → (NASDAQ: AIRT) said on September 1, 2026, that it amended its credit agreement with Alerus Financial, National AssociationDealroom has a profile for this one. Try Dealroom →, raising its revolving credit commitment by 25%, from $20 million to $25 million. The amendment also extends the maturity profile of the company's debt.
The details: Under Amendment No. 7, the revolving credit termination date moves to August 27, 2029. Air T also consolidated Term Loan A, Term Loan C, and its temporary overline loans into a new $11.46 million term note maturing August 27, 2031.
What else changed? The deal adds an accordion option, letting the borrowers request up to $3.5 million in extra revolving commitment for one 120-day period each fiscal year, subject to a 0.50% origination fee. The temporary overline set up under Amendment No. 6 was terminated and rolled into the new term loan.
What's the endgame? The expanded facility gives Air T more room to manage liquidity and fund operations. The longer maturities push key due dates out to 2029 and 2031, while the accordion feature offers a potential source of short-term capital.
The signal: Amendment No. 7 marks a quick return to the credit well following the earlier overline arrangement. For companies leaning on bank debt, extending maturities and lifting capacity in a single move is a common way to buy runway without tapping equity markets.
Read more: minichart.com.sg
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