Air Industries Group announced it has repaid more than $1.0 million of its subordinated debt. This action reflects the company's ongoing efforts to manage its financial obligations.
CEO Lou Melluzzo stated that the company expects to make additional repayments in the coming months. The goal is to substantially reduce the remaining subordinated debt.
This debt reduction is part of a broader strategy to continue growing and enhancing the profitability of the business. The repayment demonstrates a focus on strengthening the company's financial position.
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