Air industries group secures expansion of term loan from 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 announced that its primary lender, webster bank has amended the terms of its credit facility. relaxing the required covenants, permitting the repayment of subordinated debt, and expanding the company's term loan by approximately $1.6 million. these funds will be used for the purchas.
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