Air T ( (AIRT) ) has shared an update.
On February 21, 2025, Mountain Air Cargo, Inc. (MAC), a subsidiary of Air T, Inc., secured a $2.28 million term loan from Bank of America, N.A., with a maturity date of February 21, 2030, and agreed to mortgage its property in Denver, North Carolina. Additionally, MAC entered a swap agreement to fix the interest rate and complied with several covenants. Alerus Financial consented to these transactions, amending previous agreements and removing liens on the property. The financing proceeds were used to repay a previous loan with Alerus, with Air T, Inc. acknowledging the transactions.
More about Air T
Air T, Inc. operates in the aviation industry, focusing on providing air cargo services through its subsidiary, Mountain Air Cargo, Inc. (MAC). The company is involved in logistics and transportation, serving various market needs.
YTD Price Performance: 6.04%
Average Trading Volume: 11,276
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $56.48M
For detailed information about AIRT stock, go to TipRanks’ Stock Analysis page.