Financing Arrangements (Tables)

3 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The following table provides certain information about the current financing arrangements of the Company and its subsidiaries as of June 30, 2023:

(In Thousands)	June 30, 2023		March 31, 2023		Maturity Date	Interest Rate	Unused commitments at June 30, 2023
Air T Debt
Revolver - MBT	$	13,366	$	8,742	8/31/2024	SOFR + range of 2.25% - 3.25%	$	5,634
Term Note A - MBT	7,563		7,762		8/31/2031	3.42%
Term Note B - MBT	2,670		2,740		8/31/2031	3.42%
Term Note D - MBT	1,321		1,338		1/1/2028	1-month LIBOR + 2.00%
Term Note E - MBT	235		800		6/25/2025	Greater of LIBOR + 1.50% or 2.50%
Term Note F - MBT	933		983		1/31/2028	Greater of 6.00% or Prime + 1.00%
Debt - Trust Preferred Securities	25,602		25,598		6/7/2049	8.00%
Total	51,690		47,963
AirCo 1 Debt
Term Loan - PSB	6,393		6,393		12/11/2025	3-month SOFR + 3.26%
Total	6,393		6,393
Jet Yard Debt
Term Loan - MBT	1,819		1,844		8/31/2031	4.14%
Total	1,819		1,844
Contrail Debt
Revolver - ONB	5,183		12,441		9/5/2023	1-month SOFR + 3.56%	$	19,817
Term Loan G - ONB	38,180		38,180		11/24/2025	1-month SOFR + 3.11%
Total	43,363		50,621
Delphax Solutions Debt
Canadian Emergency Business Account Loan	30		30		12/31/2025	5.00%
Total	30		30
Wolfe Lake Debt
Term Loan - Bridgewater	9,523		9,586		12/2/2031	3.65%
Total	9,523		9,586
Air T Acquisition 22.1
Term Loan - Bridgewater	4,500		4,500		2/8/2027	4.00%
Term Loan A - ING	2,445		2,610		2/1/2027	3.50%
Term Loan B - ING	1,087		1,088		5/1/2027	4.00%
Total	8,032		8,198
WASI Debt
Promissory Note - Seller's Note	1,171		1,279		1/1/2026	6.00%
Total	1,171		1,279
Total Debt	122,021		125,914
Unamortized Debt Issuance Costs	(763)		(829)
Total Debt, net	$	121,258	$	125,085

Schedule of Maturities of Long-term Debt

At June 30, 2023, our contractual financing obligations, including payments due by period, are as follows (in thousands):

Due by	Amount
June 30, 2024	$	22,721
June 30, 2025	24,499
June 30, 2026	26,160
June 30, 2027	6,476
June 30, 2028	2,877
Thereafter	39,288
	122,021
Unamortized Debt Issuance Costs	(763)
	$	121,258