Sky Harbour Group Corporation announced on September 5, 2025, the closing of a $200 million tax-exempt warehouse drawdown committed bank facility with J.P. Morgan. This facility is a significant step in funding the company's next set of development projects.
The initial borrower for this facility is Sky Harbour Capital II, LLC, a wholly owned subsidiary of SHG. The facility's principal terms include drawdowns for eligible new hangar projects, 65% leverage, a 5-year bullet maturity, and a tax-exempt annual interest rate of approximately 5.60%.
This financing mechanism offers flexibility to draw capital as needed and allows for refinancing into long-term bonds at an optimal time. The facility may also be expanded to $300 million, subject to credit approval, providing substantial capital for Sky Harbour's continued expansion.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.