Arizona Tribune - AirT Announces $100 Million Multi-Year Financing Agreement with Institutional Investors

The updated agreement, reached with the Company's existing institutional investors, grows the transaction from $30,000,000 to $100,000,000, extends repayment timelines and increases financial flexibility. These changes support Air T's long-term capital foundation while maintaining alignment with its strategic objectives and commitment to growth.

"This modified financing structure significantly enhances our capital flexibility and allows us to pursue long-term value creation with greater certainty. It's another big step in support of the value we're seeking to build. And it's a scaling investment representing a continued vote of confidence by a sophisticated capital partner," said Nick Swenson, Chairman and CEO of Air T.

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, Inc., a full-service aviation asset management platform, and other Air T subsidiaries.

NOTE REGARDING STAKEHOLDER QUESTIONS

If you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered "live" and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.

ABOUT AIR T, INC.

Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground equipment sales, commercial jet engines and parts, and corporate and other. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.net.

ABOUT CRESTONE AIR PARTNERS, INC.

Crestone Air Partners, Inc. invests in commercial jet aircraft and the engines that power them on behalf of our capital partners. We are a full-service aviation asset management platform with a diverse portfolio of aircraft and engines leased to airlines globally. We target transactions in the secondary market, focusing on the last decade of the asset lifecycle. We take a collaborative approach with our clients by offering flexible lease terms tailored to our customers' requirements. Crestone brings unique value to transactions by drawing on the expertise and capabilities of interrelated aviation specialist subsidiary businesses across the Air T family (airframe material sales, landing gear leasing, engine material sales, disassembly, and aircraft storage). Crestone is headquartered in Denver, Colorado, and is a wholly owned business unit of Air T, Inc. Additional information can be found at: www.crestoneairpartners.com.

CONTACT:

Jeff Golbus
Air T, Inc.
[email protected]

Tori Cerda
Crestone Air Partners, Inc.
Manager, Marketing & Operations
[email protected]

SOURCE: Air T, Inc.

View the original press release on ACCESS Newswire

S.Jackson--AT