Air industries group reports amendment to loan agreement with webster bank

Bay shore, n.y.--(business wire)---- $airi--air industries group (“air industries”) (nyse american: airi), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today reported that it has reached an agreement with webster bank, its primary lender to amend the company's current credit facility. the modified credit facility provides for the following: a waiver of the failure to achieve the fixed charge coverage ratio for the period ended march 31,.
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