UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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Form 8-K 

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Current Report 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 

Date of Report (Date of earliest event reported): March 27, 2025

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Air Transport Services Group, Inc.

(Exact name of registrant as specified in its charter)

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(937) 382-5591

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. of Form 8-K):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

On March 27, 2025, in accordance with the Indenture dated as of January 28, 2020 (the “Base Indenture”), among Cargo Aircraft Management, Inc., as issuer (the “Issuer”), Air Transport Services Group, Inc. (the “Company”), as guarantor, the subsidiary guarantors named therein and Regions Bank, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated April 13, 2021 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) relating to the Issuer’s $700,000,000 4.750% Senior Notes due 2028 (the “2028 Notes”), the Trustee delivered notice of conditional redemption to the holders of the 2028 Notes, stating that the Issuer will redeem in full all $700,000,000 in aggregate principal amount of the outstanding 2028 Notes on April 11, 2025 (the “Redemption Date”), conditioned upon the substantially concurrent completion of the previously announced merger of the Company, with and into Stonepeak Nile MergerCo Inc. (“MergerCo”) pursuant to that certain Agreement and Plan of Merger by and among the Company, Stonepeak Nile Parent LLC and MergerCo dated as of November 3, 2024 (the “Condition”), in accordance with the Indenture.

The 2028 Notes will be redeemed pursuant to Section 3 of the Base Indenture if the Condition is satisfied or waived. The redemption price for the 2028 Notes will be 100% of the principal amount of the 2028 Notes, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date.

The foregoing descriptions of the Indenture and the 2028 Notes are subject to and qualified in their entirety by reference to the full text of the Indenture. A copy of the Base Indenture was filed as Exhibit 4.1 to the Current Report on Form 8-K filed by the Company with the SEC on January 28, 2020. A copy of the First Supplemental Indenture was filed as Exhibit 4.1 to the Current Report on Form 8-K filed by the Company with the SEC on April 13, 2021. The Base Indenture and the First Supplemental Indenture are incorporated by reference into this Item 2.04. This Current Report on Form 8-K does not constitute an offer to tender for, or purchase, or a solicitation of an offer to tender for, or purchase, any of the 2028 Notes or any other security.

(d) Exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.