Sky Harbour Group modifies Series 2021 PABs to fund Addison, TX hangar project

Sky Harbour Group Corp

Elected to reallocate Series 2021 PAB proceeds to the ADS Project in Addison, Texas.
Addison Hangars LLC and OPF Hangars Landlord LLC joined Obligated Group; OPF Hangars contributed to SHC.
Equity interests in Sky Harbour Addison and OPF Hangars pledged to Master Trustee as bond security.
Sky Harbour Services waived all management and development fees during construction of bond projects.
Feasibility study confirmed modification increased project debt service coverage ratio, per event notice.

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