Financing Arrangements (Tables)

3 Months Ended

Jun. 30, 2024

The following table provides certain information about the current financing arrangements of the Company and its subsidiaries as of June 30, 2024:


(In Thousands)	June 30, 2024		March 31, 2024		Maturity Date	Interest Rate	Unused commitments at June 30, 2024
Air T Debt
Revolver - MBT	$	4,399	$	—	8/31/2024	SOFR + range of 2.25% - 3.25%	$	14,601
Term Note A - MBT	6,750		6,955		8/31/2031	3.42%
Term Note B - MBT	2,384		2,456		8/31/2031	3.42%
Term Note D - MBT	1,254		1,271		1/1/2028	1-month LIBOR + 2.00%
Term Note F - MBT	733		783		1/31/2028	Greater of 6.00% or Prime + 1.00%
Debt - Trust Preferred Securities	34,260		34,214		6/7/2049	8.00%
Total	49,780		45,679

AirCo 1 Debt
Term Loan - PSB	5,434		5,434		12/11/2025	3-month SOFR + 3.26%
Total	5,434		5,434

Jet Yard Debt
Term Loan - MBT	1,723		1,749		8/31/2031	4.14%
Total	1,723		1,749

Contrail Debt
Revolver - ONB	605		3,476		11/24/2025	1-month SOFR + 3.56%	$	24,395
Term Loan G - ONB	14,918		14,918		11/24/2025	1-month SOFR + 3.11%
Term Note I	8,187		10,000		9/28/2025	1-month SOFR + 3.11%
Total	23,710		28,394

Wolfe Lake Debt
Term Loan - Bridgewater	9,263		9,327		12/2/2031	3.65%
Total	9,263		9,327

Air T Acquisition 22.1
Term Loan - Bridgewater	4,000		4,000		2/8/2027	4.00%
Term Loan A - ING	1,766		1,946		2/1/2027	3.50%
Term Loan B - ING	1,071		1,081		5/1/2027	4.00%
Total	6,837		7,027

WASI Debt
Promissory Note - Seller's Note	739		849		1/1/2026	6.00%
Total	739		849

AAM 24-1 Debt
Promissory Notes - Honeywell	15,000		15,000		2/22/2031	8.50%
Total	15,000		15,000

Total Debt	112,486		113,459

Unamortized Premiums and Debt Issuance Costs	(457)		(533)
Total Debt, net	$	112,029	$	112,926

At June 30, 2024, our contractual financing obligations, including payments due by period, are as follows (in thousands):


Due by	Amount
June 30, 2025	$	15,902
June 30, 2026	24,307
June 30, 2027	6,453
June 30, 2028	2,877
June 30, 2029	1,754
Thereafter	61,193
	112,486
Unamortized Premiums and Debt Issuance Costs	(457)
	$	112,029