Air Industries Group entered into the Eleventh Amendment to its Loan and Security Agreement with Webster Bank, National Association on February 26, 2026, extending the maturity date of revolving credit and term loans to September 30, 2026. Borrowers agreed to pay a $25,000 amendment fee upon execution and a $150,000 additional fee at maturity.
Key takeaways
Entered Eleventh Amendment on February 26, 2026 with Webster Bank, National Association
Extended maturity date of revolving credit and term loans to September 30, 2026
Paid $25,000 non-refundable amendment fee at execution
Owe $150,000 additional non-refundable fee at maturity
Parties include Borrowers: Air Industries Machining, Corp., Nassau Tool Works, Inc., The Sterling Engineering Corporation
Guarantors: Air Industries Group, Air Realty Group, LLC