Air Industries Group (AIRI) pushes Webster Bank loan maturity to Sept 2026
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Air Industries Group entered into an Eleventh Amendment to its Loan and Security Agreement with Webster Bank. This amendment extends the maturity date of the company’s revolving credit and term loans to September 30, 2026. The detailed terms and conditions are contained in the Eleventh Amendment, which is filed as an exhibit.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Air Industries Group (AIRI) disclose in this 8-K filing?
Air Industries Group disclosed that it entered into an Eleventh Amendment to its Loan and Security Agreement with Webster Bank. The amendment primarily extends the maturity date of its revolving credit and term loans to September 30, 2026, with full terms in the attached exhibit.
How does the Webster Bank amendment affect Air Industries Group’s debt maturity?
The Eleventh Amendment with Webster Bank extends the maturity date of Air Industries Group’s revolving credit and term loans to September 30, 2026. This change gives the company a longer period before the loans become due, with specific conditions described in the filed amendment document.
When was the Eleventh Amendment with Webster Bank signed by Air Industries Group (AIRI)?
Air Industries Group entered into the Eleventh Amendment to its Loan and Security Agreement with Webster Bank on February 26, 2026. The company then reported this event in a current report, making the key change to the loan maturity publicly available to investors.
Where can investors find the full terms of Air Industries Group’s Eleventh Amendment?
Investors can review the complete terms of the Eleventh Amendment to the Loan and Security Agreement in Exhibit 10.1 to the current report. The filing states that this exhibit contains the detailed provisions governing the revised maturity and related loan arrangements.
Does the filing indicate any change to Air Industries Group (AIRI) common stock listing?
The filing confirms that Air Industries Group’s common stock, par value $0.001, continues to trade under the symbol AIRI on the NYSE American. The disclosure focuses on the loan amendment and does not indicate any change to the stock’s exchange listing status.
Who signed the Air Industries Group (AIRI) 8-K reporting the loan amendment?
The current report was signed on behalf of Air Industries Group by Scott Glassman, the company’s Chief Financial Officer. His signature indicates authorization of the disclosure regarding the Eleventh Amendment to the Loan and Security Agreement with Webster Bank.